Federal Amended Return or Administrative Adjustment Request (AAR)

Amended Return or Administrative Adjustment Request (AAR)
Form 1065-X (Rev. October 2025)
Form

1065-X

(Rev. October 2025)

Department of the Treasury
Internal Revenue Service

Amended Return or
Administrative Adjustment Request (AAR)

OMB No. 1545-0123

For tax year ending

(For use by filers of Forms 1065 and 1066)
Go to www.irs.gov/Form1065X for instructions and the latest information.

(Enter month and year.)
Employer identification number (EIN)

Name
Number, street, and room or suite no. (If a P.O. box, see instructions.)
City or town

State

ZIP code

Telephone number (optional)

Enter name and address used on original return. (If same as above, enter “Same.”)
Internal Revenue Service Center where original return was filed. If electronically filed, enter “e-filed.”

Partnerships enter the number of Forms 8986 (if subject to BBA) or amended Schedules K-1 being filed with this return .
REMICs enter the number of Forms 8986 (if subject to BBA) or amended Schedules Q being filed with this return .

Part I

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.

Check the appropriate box (Choose only 1. See instructions.)

For partnership tax years beginning after December 31, 2017
BBA AAR—go to Section 1
Non-BBA (see instructions)—go to Part II
Partnership-partner modification amended return related to modification of an audited BBA partnership’s imputed underpayment (IU)
Partnership-partner modification amended return (filed as part of modification of the IU for an audited BBA partnership)—go
to Section 2

Section 1—BBA AAR
A

Is the partnership revoking the immediately preceding partnership representative (PR) (and/or designated individual (DI), if
applicable) and designating a successor (including the appointment of a DI, if applicable) at the same time that this AAR is being
filed?
Yes (If “Yes,” complete and attach Form 8979.)
No (If “No,” go to item B.)

B

Do the adjustments on the AAR result in an IU for the reviewed year?
Yes (If “Yes,” go to item C1.)
No (If “No,” go to item D.)

C1

Is the partnership making an election under section 6227(b)(2) to have the adjustments taken into account by the reviewed year
partners?
Yes (If “Yes,” go to item D.)
No (If “No,” go to item C2.)

C2

Are there also adjustments that do not result in an IU? (An adjustment does not result in an IU if the result of netting with respect
to any grouping or subgrouping that includes the particular adjustment is a net negative adjustment.)
Yes (If “Yes,” go to item D and then answer item E.)
No (If “No,” go to item E.)

D

If the partnership is required to provide statements to the reviewed year partners containing their share of the adjustments, by
signing below, the PR (or DI if the PR is an entity) declares, under penalties of perjury, that all statements have been provided to
the reviewed year partners as required by the instructions.

Signature of PR (or DI if the PR is an entity)

E

Is the partnership applying modifications to the IU?
Yes (If “Yes,” complete and attach Form 8980.)

Date

No

Section 2—Partnership-partner modification amended return filed as part of modification of an IU for an audited
BBA partnership. See instructions.
Audited partnership name:
EIN of audited partnership:

Reviewed year of audited partnership:

Audit control number:
Go to Part II
For Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 54882S

Form 1065-X (Rev. 10-2025) Created 6/30/25

Page 2

Form 1065-X (Rev. 10-2025)

Fill in applicable items and use Part V to explain any changes.

Income (Loss)
Deductions
SelfEmployment
Credits
Foreign
Transactions
Alternative
Minimum Tax
(AMT) Items
Other Information

(a) As originally reported
(b) Net change—
on Schedule K or
increase or (decrease)—
as previously adjusted
explain in Part V

Amended or AAR Items for Partnerships Filing
Form 1065 Only (REMICs use Part III)

Part II
1
2
3
4
5
6a
b
c
7
8
9a
b
c
10
11
12
13a
b
c
d
e

Ordinary business income (loss) . . . . . .
Net rental real estate income (loss) . . . . .
Other net rental income (loss) (see instructions) .
Guaranteed payments . . . . . . . . .
Interest income . . . . . . . . . . .
Ordinary dividends . . . . . . . . . .
Qualified dividends . . . . . . . . . .
Dividend equivalents . . . . . . . . . .
Royalties
. . . . . . . . . . . . .
Net short-term capital gain (loss) . . . . . .
Net long-term capital gain (loss) . . . . . .
Collectibles (28%) gain (loss) . . . . . . .
Unrecaptured section 1250 gain (see instructions)
Net section 1231 gain (loss) . . . . . . .
Other income (loss) (see instructions) . . . .
Section 179 deduction . . . . . . . . .
Cash contributions . . . . . . . . . .
Noncash contributions . . . . . . . . .
Investment interest expense . . . . . . .
Section 59(e) expenditures . . . . . . . .
Other deductions (see instructions) . . . . .

14a
b
c
15a
b
c
d
e
f

Net earnings (loss) from self-employment . . . .
Gross farming or fishing income . . . . . . .
Gross nonfarm income . . . . . . . . . .
Low-income housing credit (section 42(j)(5)) . . .
Low-income housing credit (other) . . . . . .
Qualified rehabilitation expenditures (rental real estate)
Other rental real estate credits (see instructions)
.
Other rental credits (see instructions) . . . . .
Other credits (see instructions) . . . . . . .

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(c) Correct amount

1
2
3
4
5
6a
6b
6c
7
8
9a
9b
9c
10
11
12
13a
13b
13c
13d
13e
14a
14b
14c
15a
15b
15c
15d
15e
15f

16a Attach Schedule K-2 (Form 1065), Partners’
Distributive Share Items—International, and check
this box to indicate that you are reporting items of
international tax relevance . . . . . . . .
b Check this box if you qualified for an exception to
filing Schedule K-2 (Form 1065) . . . . . .
17a
b
c
d
e
f
18a
b
c
19a
b
20a
b
c
21

Post-1986 depreciation adjustment . . . . . .
Adjusted gain or loss
. . . . . . . . . .
Depletion (other than oil or gas) . . . . . . .
Oil, gas, and geothermal properties—gross income .
Oil, gas, and geothermal properties—deductions .
Other AMT items (see instructions) . . . . . .
Tax-exempt interest income . . . . . . . .
Other tax-exempt income . . . . . . . . .
Nondeductible expenses . . . . . . . . .
Distributions of cash and marketable securities . .
Distributions of other property
. . . . . . .
Investment income . . . . . . . . . . .
Investment expenses . . . . . . . . . .
Other items and amounts (see instructions) . . .
Total foreign taxes paid or accrued . . . . . .

17a
17b
17c
17d
17e
17f
18a
18b
18c
19a
19b
20a
20b
20c
21

Note: Amended Schedules K-1: See instructions for when required.
Form 1065-X (Rev. 10-2025)

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Form 1065-X (Rev. 10-2025)

Part III

Amended or AAR Items for REMICs Only
(b) As originally reported
(c) Net change—
or as previously
increase or (decrease)—
adjusted
explain in Part V

(a) Description of item being amended or
adjusted (see instructions)

1
2
3
4
5

(d) Correct amount

1
2
3
4
5

Tax and Payments (see instructions)
6
7
8
9
10
11
12
13
14

REMICs ONLY: Tax on net income from prohibited
transactions . . . . . . . . . . . . . . . .
6
REMICs ONLY: Tax on net income from foreclosure property
7
REMICs ONLY: Tax on contributions after the startup day .
8
Total tax . . . . . . . . . . . . . . . . .
9
Tax paid with Form 7004 . . . . . . . . . . . .
10
Tax paid with (or after) the filing of the original return
. . . . .
Add lines 10 and 11, column (d) . . . . . . . . . . . .
Overpayment, if any, as shown on original return or as later adjusted
Subtract line 13 from line 12
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11
12
13
14

Tax due. Subtract line 14 from line 9, column (d). For details on how to pay, see instructions
Overpayment. Subtract line 9, column (d), from line 14 . . . . . . . . . . . . .

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Tax Due or Overpayments (see instructions)
15
16

Note: Amended Schedules Q or Forms 8986. REMICs not subject to BBA that are filing an amended return must file amended
Schedules Q with Form 1065-X and furnish the amended Schedules Q to the residual interest holders. If the REMIC is subject to BBA
and is filing an AAR, it must file and furnish Forms 8986 to the residual interest holders, not Schedules Q.

Part IV
1
2
3
4

IU Under the Centralized Partnership Audit Regime (see instructions)

IU . . . . . . . . . . . .
Total amount due . . . . . . .
Total payment . . . . . . . .
Balance due (subtract line 3 from line 2)

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1
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3
4

Under penalties of perjury, I declare that I have filed an original return and that I have examined this amended return, or AAR including accompanying
schedules and statements, and to the best of my knowledge and belief, this amended return or AAR is true, correct, and complete. Declaration of
preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Sign
Here

Signature of current PR (or DI if the PR is an entity),
LLC member, or partner

Date

Title

Name of signer

Paid
Preparer
Use Only

Preparer’s name

Preparer’s signature

Date

Check
if PTIN
self-employed

Firm’s name

Firm’s EIN

Firm’s address

Phone no.
Form 1065-X (Rev. 10-2025)

Form 1065-X (Rev. 10-2025)

Part V

Page 4

Explanations—Enter the Part II or Part III line number before each item you are changing, and give a reason
for the change. For partnerships, show the box number and code used to report the item on Schedule K-1.
Show any computation in detail. Also, show how the IU was calculated and how modifications were applied.
If more space is needed, continue your explanations on additional pages.

Form 1065-X (Rev. 10-2025)