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Federal Free Printable 2018 Schedule K-1 (Form 8865) for 2019 Federal Partner's Share of Income, Deductions, Credits, etc.

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Partner's Share of Income, Deductions, Credits, etc.
2018 Schedule K-1 (Form 8865)

Final K-1 2018 Schedule K-1 (Form 8865) For calendar year 2018, or tax year beginning Department of the Treasury Internal Revenue Service ending , 2018 , 20 Information About the Partnership 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 6c Dividend equivalents 7 Royalties 8 Net short-term capital gain (loss) B Part II Information About the Partner 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 Part III Partner’s Share of Current Year Income, Deductions, Credits, and Other Items Partner’s Share of Income, Deductions, ▶ See back of form. Credits, etc. Part I Amended K-1 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. www.irs.gov/Form8865 Cat. No. 28396B Schedule K-1 (Form 8865) 2018 Page 2 Schedule K-1 (Form 8865) 2018 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 (h) Nonpassive loss See Partner's Instr. (Form 1065) Nonpassive income Schedule E, line 28, column (k) 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 (h) Net loss See Partner’s Instr. (Form 1065) 4. Guaranteed payments Schedule E, line 28, column (k) Form 1040, line 2b 5. Interest income 6a. Ordinary dividends Form 1040, line 3b 6b. Qualified dividends Form 1040, line 3a 6c. Dividend equivalents See the Partner’s Instr. (Form 1065) 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 Schedule 1 (Form 1040), line 21, or E Cancellation of debt 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 (60%) 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 Excess business interest expense See Partner’s Instr. (Form 1065) L Deductions—portfolio (other) Schedule A (Form 1040), line 16 M Amounts paid for medical insurance Schedule A (Form 1040), line 1, or Schedule 1 (Form 1040), line 29 N Educational assistance benefits See Partner’s Instr. (Form 1065) O Dependent care benefits Form 2441, line 12 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 Reserved for future use U Reserved for future use V Reserved for future use 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 42(j)(5)) from pre-2008 buildings B Low-income housing credit (other) from pre-2008 buildings C Low-income housing credit (section 42(j)(5)) from post-2007 See Partner’s Instr. (Form 1065) buildings D Low-income housing credit (other) from post-2007 buildings E Qualified rehabilitation expenditures (rental real estate) F Other rental real estate credit G Other rental credits H Undistributed capital gains credit Schedule 5 (Form 1040), line 74a } } Code Biofuel producer credit I J Work opportunity credit K Disabled access credit L Empowerment zone employment credit M Credit for increasing research activities N Credit for employer social security and Medicare taxes O Backup withholding P Other credits } Report on See Partner’s Instr. (Form 1065) 16. 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 Section 951A category E Foreign branch category Form 1116, Part I F Passive category G General category H Other Deductions allocated and apportioned at partner level I Interest expense Form 1116, Part I J Other Form 1116, Part I Deductions allocated and apportioned at partnership level to foreign source income Section 951A category K Foreign branch category L Form 1116, Part I M Passive category N General category O Other Other information P Total foreign taxes paid Form 1116, Part II Form 1116, Part II Q Total foreign taxes accrued Form 1116, line 12 R Reduction in taxes available for credit S Foreign trading gross receipts Form 8873 T Extraterritorial income exclusion Form 8873 U Other foreign transactions See Partner’s Instr. (Form 1065) 17. Alternative minimum tax (AMT) items A Post-1986 depreciation adjustment B Adjusted gain or loss See Partner’s Instr. C Depletion (other than oil & gas) (Form 1065) and the D Oil, gas, & geothermal—gross income Instructions for E Oil, gas, & geothermal—deductions Form 6251 F Other AMT items 18. Tax-exempt income and nondeductible expenses A Tax-exempt interest income Form 1040, line 2a B Other tax-exempt income See Partner’s Instr. (Form 1065) C Nondeductible expenses See Partner’s Instr. (Form 1065) 19. Distributions A Cash and marketable securities B Distribution subject to section 737 See Partner’s Instr. (Form 1065) C Other property 20. Other information A Investment income Form 4952, line 4a Form 4952, line 5 B Investment expenses Form 4136 C Fuel tax credit information 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 Code O through Y Z Section 199A income AA Section 199A W-2 wages See Partner’s Instr. (Form 1065) AB Section 199A unadjusted basis AC Section 199A REIT dividends AD Section 199A PTP income AE Excess taxable income AF Excess business interest income AG Gross receipts for section 59A(e) AH Other information } } } } } }
Extracted from PDF file 2018-federal-8865-schedule-k-1.pdf, last modified December 2018

More about the Federal 8865 (Schedule K-1) Corporate Income Tax Tax Credit TY 2018

We last updated the Partner's Share of Income, Deductions, Credits, etc. in December 2018, so this is the latest version of 8865 (Schedule K-1), fully updated for tax year 2018. 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.

Related Federal Corporate Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Federal 8865 (Schedule K-1).

Form Code Form Name
8865 (Schedule O) Transfer of Property to a Foreign Partnership (under section 6038B)
8865 (Schedule P) Acquisitions, Dispositions, and Changes of Interests in a Foreign Partnership (under section 6046A)

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 December 2018.

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 eight 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:

2018 8865 (Schedule K-1)

2018 Schedule K-1 (Form 8865)

2017 8865 (Schedule K-1)

2017 Schedule K-1 (Form 8865)

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)

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