Federal Free Printable 2016 Form 8865 (Schedule K-1) for 2017 Federal Partner's Share of Income, Deductions, Credits, etc.

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2016-federal-8865-schedule-k-1.pdf, and you can print it directly from your computer.

Partner's Share of Income, Deductions, Credits, etc.
2016 Form 8865 (Schedule K-1)

Final K-1 2016 Schedule K-1 (Form 8865) For calendar year 2016, or tax year beginning Department of the Treasury Internal Revenue Service ending , 2016 , 20 Partner’s Share of Income, Deductions, ▶ See back of form and separate instructions. Credits, etc. Part I Information About the Partnership Amended K-1 Part III Partner’s Share of Current Year Income, Deductions, Credits, and Other Items 1 Ordinary business income (loss) 2 Net rental real estate income (loss) 3 Other net rental income (loss) A1 Partnership’s employer identification number 4 Guaranteed payments A2 Reference ID number (see instr.) 5 Interest income Partnership’s name, address, city, state, and ZIP code 6a Ordinary dividends 6b Qualified dividends B Part II Information About the Partner 7 Royalties 8 Net short-term capital gain (loss) C Partner’s identifying number 9a Net long-term capital gain (loss) D Partner’s name, address, city, state, and ZIP code 9b Collectibles (28%) gain (loss) 9c Unrecaptured section 1250 gain 10 Net section 1231 gain (loss) 11 Other income (loss) E Partner’s share of profit, loss, capital, and deductions: (see Partner’s Instr. (Form 1065)) Beginning F OMB No. 1545-1668 15 Credits 16 Foreign transactions 17 Alternative minimum tax (AMT) items 18 Tax-exempt income and nondeductible expenses 19 Distributions 20 Other information Ending Profit % % Loss % % Capital % % Deductions % % Partner’s capital account analysis: Beginning capital account . . . Capital contributed during the year Current year increase (decrease) Withdrawals & distributions Ending capital account . Tax basis . GAAP . . .$ . .$ . .$ . . . .$ . . . .$ ( ) 12 Section 179 deduction 13 Other deductions Section 704(b) book For IRS Use Only Other (explain) 14 Self-employment earnings (loss) * See attached statement for additional information. For Paperwork Reduction Act Notice, see Instructions for Form 8865. IRS.gov/form8865 Cat. No. 28396B Schedule K-1 (Form 8865) 2016 Page 2 Schedule K-1 (Form 8865) 2016 This list identifies the codes used on Schedule K-1 for partners and provides summarized reporting information for partners who file Form 1040. For detailed reporting and filing information, see the Partner’s Instructions for Schedule K-1 (Form 1065) and the instructions for your income tax return. 1. Ordinary business income (loss). Determine whether the income (loss) is passive or nonpassive and enter on your return as follows: Report on Passive loss See Partner’s Instr. (Form 1065) Passive income Schedule E, line 28, column (g) Nonpassive loss Schedule E, line 28, column (h) Nonpassive income Schedule E, line 28, column (j) 2. Net rental real estate income (loss) See Partner’s Instr. (Form 1065) 3. Other net rental income (loss) Net income Schedule E, line 28, column (g) Net loss See Partner’s Instr. (Form 1065) 4. Guaranteed payments Schedule E, line 28, column (j) 5. Interest income Form 1040, line 8a 6a. Ordinary dividends Form 1040, line 9a 6b. Qualified dividends Form 1040, line 9b 7. Royalties Schedule E, line 4 8. Net short-term capital gain (loss) Schedule D, line 5 9a. Net long-term capital gain (loss) Schedule D, line 12 9b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4 (Schedule D instructions) 9c. Unrecaptured section 1250 gain See Partner’s Instr. (Form 1065) 10. Net section 1231 gain (loss) See Partner’s Instr. (Form 1065) 11. Other income (loss) Code A Other portfolio income (loss) See Partner’s Instr. (Form 1065) See Partner’s Instr. (Form 1065) B Involuntary conversions C Sec. 1256 contracts & straddles Form 6781, line 1 D Mining exploration costs recapture See Pub. 535 E Cancellation of debt Form 1040, line 21 or Form 982 F Other income (loss) See Partner’s Instr. (Form 1065) 12. Section 179 deduction See Partner’s Instr. (Form 1065) 13. Other deductions A Cash contributions (50%) B Cash contributions (30%) C Noncash contributions (50%) D Noncash contributions (30%) See Partner’s Instr. (Form 1065) E Capital gain property to a 50% organization (30%) F Capital gain property (20%) G Contributions (100%) H Investment interest expense Form 4952, line 1 I Deductions—royalty income Schedule E, line 19 J Section 59(e)(2) expenditures See Partner’s Instr. (Form 1065) K Deductions—portfolio (2% floor) Schedule A, line 23 L Deductions—portfolio (other) Schedule A, line 28 M Amounts paid for medical insurance Schedule A, line 1 or Form 1040, line 29 N Educational assistance benefits See Partner’s Instr. (Form 1065) Form 2441, line 12 O Dependent care benefits P Preproductive period expenses See Partner’s Instr. (Form 1065) Q Commercial revitalization deduction from rental real estate activities See Form 8582 instructions R Pensions and IRAs See Partner’s Instr. (Form 1065) S Reforestation expense deduction See Partner’s Instr. (Form 1065) T Domestic production activities information See Form 8903 instructions U Qualified production activities income Form 8903, line 7b V Employer’s Form W-2 wages Form 8903, line 17 W Other deductions See Partner’s Instr. (Form 1065) 14. Self-employment earnings (loss) Note: If you have a section 179 deduction or any partner-level deductions, see the Partner’s Instr. (Form 1065) before completing Schedule SE. A Net earnings (loss) from self-employment Schedule SE, Section A or B B Gross farming or fishing income See Partner’s Instr. (Form 1065) C Gross non-farm income See Partner’s Instr. (Form 1065) 15. Credits A Low-income housing credit (section } B C D E F G H I } 42(j)(5)) from pre-2008 buildings Low-income housing credit (other) from pre-2008 buildings Low-income housing credit (section 42(j)(5)) from post-2007 buildings Low-income housing credit (other) from post-2007 buildings Qualified rehabilitation expenditures (rental real estate) Other rental real estate credit Other rental credits Undistributed capital gains credit Biofuel producer credit See Partner’s Instr. (Form 1065) Form 1040, line 73; box a See Partner’s Instr. (Form 1065) 16. } Report on Code J Work opportunity credit K Disabled access credit L Empowerment zone employment credit M Credit for increasing research activities See Partner’s Instr. (Form 1065) N Credit for employer social security and Medicare taxes O Backup withholding P Other credits Foreign transactions A Name of country or U.S. possession Form 1116, Part I B Gross income from all sources C Gross income sourced at partner level Foreign gross income sourced at partnership level D Passive category Form 1116, Part I E General category F Other Deductions allocated and apportioned at partner level G Interest expense Form 1116, Part I H Other Form 1116, Part I Deductions allocated and apportioned at partnership level to foreign source income I Passive category Form 1116, Part I J General category K Other Other information L Total foreign taxes paid Form 1116, Part II M Total foreign taxes accrued Form 1116, Part II Form 1116, line 12 N Reduction in taxes available for credit O Foreign trading gross receipts Form 8873 P Extraterritorial income exclusion Form 8873 Q Other foreign transactions See Partner’s Instr. (Form 1065) Alternative minimum tax (AMT) items A Post-1986 depreciation adjustment See Partner’s Instr. B Adjusted gain or loss (Form 1065) and the C Depletion (other than oil & gas) Instructions for D Oil, gas, & geothermal—gross income Form 6251 E Oil, gas, & geothermal—deductions F Other AMT items Tax-exempt income and nondeductible expenses A Tax-exempt interest income Form 1040, line 8b B Other tax-exempt income See Partner’s Instr. (Form 1065) See Partner’s Instr. (Form 1065) C Nondeductible expenses Distributions A Cash and marketable securities B Distribution subject to section 737 See Partner’s Instr. (Form 1065) C Other property Other information A Investment income Form 4952, line 4a Form 4952, line 5 B Investment expenses C Fuel tax credit information Form 4136 D Qualified rehabilitation expenditures (other than rental real estate) See Partner’s Instr. (Form 1065) E Basis of energy property See Partner’s Instr. (Form 1065) F Recapture of low-income housing credit (section 42(j)(5)) Form 8611, line 8 G Recapture of low-income housing credit (other) Form 8611, line 8 H Recapture of investment credit See Form 4255 I Recapture of other credits See Partner’s Instr. (Form 1065) Look-back interest—completed J long-term contracts See Form 8697 K Look-back interest—income forecast method See Form 8866 L Dispositions of property with section 179 deductions M Recapture of section 179 deduction N Interest expense for corporate partners O Section 453(l)(3) information P Section 453A(c) information Q Section 1260(b) information R Interest allocable to production expenditures See Partner’s Instr. (Form 1065) S CCF nonqualified withdrawals T Depletion Information—oil and gas U Reserved V Unrelated business taxable income W Precontribution gain (loss) X Section 108(i) information Y Net investment income Z Other information } } } 17. 18. 19. 20. } } }
Extracted from PDF file 2016-federal-8865-schedule-k-1.pdf, last modified November 2016

More about the Federal 8865 (Schedule K-1) Corporate Income Tax Tax Credit TY 2016

We last updated the Partner's Share of Income, Deductions, Credits, etc. in May 2017, so this is the latest version of 8865 (Schedule K-1), fully updated for tax year 2016. You can download or print current or past-year PDFs of 8865 (Schedule K-1) directly from TaxFormFinder. You can print other Federal tax forms here.

Other Federal Corporate Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 941 Employer's Quarterly Federal Tax Return
Form 9465 Installment Agreement Request
Form 990 or 990-EZ (Sch A) Public Charity Status and Public Support
Form 1125-A Cost of Goods Sold
Form 1120 U.S. Corporation Income Tax Return

Download all  tax forms View all 775 Federal Income Tax Forms


Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal 8865 (Schedule K-1) from the Internal Revenue Service in May 2017.

Show Sources >

8865 (Schedule K-1) is a Federal Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Federal 8865 (Schedule K-1)

We have a total of six past-year versions of 8865 (Schedule K-1) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 8865 (Schedule K-1)

2016 Form 8865 (Schedule K-1)

Partner's Share of Income, Deductions, Credits, etc. 2015 8865 (Schedule K-1)

2015 Form 8865 (Schedule K-1)

Partner's Share of Income, Deductions, Credits, etc. 2014 8865 (Schedule K-1)

2014 Form 8865 (Schedule K-1)

Partner's Share of Income, Deductions, Credits, etc. 2013 8865 (Schedule K-1)

2013 Form 8865 (Schedule K-1)

Partner's Share of Income, Deductions, Credits, etc. 2012 8865 (Schedule K-1)

2012 Form 8865 (Schedule K-1)

Partner's Share of Income, Deductions, Credits, etc. 2011 8865 (Schedule K-1)

2011 Form 8865 (Schedule K-1)


TaxFormFinder Disclaimer:

While we do our best to keep our list of Federal Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/federal/8865-schedule-k-1