Georgia Partnership Income Tax Booklet

Partnership Income Tax Booklet
2025 IT-711 Partnership Income Tax Booklet
2025

Georgia
Partnership Income Tax
700
General Instructions

Georgia Tax
Center
Electronic
Filing
Tax Credits

dor.georgia.gov
1-877-423-6711

List of Credits and Codes

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2025 IT-711 Instructions Booklet

From The
Commissioner
This booklet is designed to provide information and assist partnerships in filing their Georgia partnership tax
returns. I recommend you review the Department’s website if there are any changes affecting your return.
This booklet contains the instructions required by most partnerships. If you need forms, we encourage you
to visit our website at dor.georgia.gov. There you can download forms and always obtain up-to-date tax
information and news from the Department of Revenue.
The Department of Revenue, as outlined in the Taxpayer Bill of Rights, (https://dor.georgia.gov/taxpayer-bill-rights) will provide “fair, courteous and timely service” to the taxpayers of Georgia. Our mission is to
administer the tax laws of the state of Georgia fairly and efficiently in order to promote public confidence
and compliance while providing excellent customer service.
David J. Burge
Revenue Commissioner

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2025 IT-711 Instructions Booklet

Georgia Department of
Revenue
Online Assistance

Inside this Booklet

Find us Online by going to dor.georgia.gov:

Additional Information....................................................................18
Amended Returns..............................................................................10
Filing Requirements.............................................................................7
Frequently Asked Questions..........................................................5
General Information...........................................................................11
Georgia NOL Carry Forward Worksheet................................15
Georgia Tax Center.............................................................................4
Mailing Information..........................................................................23
Partnership Estimated Income Tax Instructions.............19
Refund, Tax Due, Penalties and Interest................................16
Relation to the Federal Return.....................................................8
Tax Credits..............................................................................................20
Tax Credit Updates.............................................................................6
What’s New...............................................................................................5

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Download Tax Forms
Find Answers to Frequently Asked Questions
Access Where’s My Refund
View the Taxpayer Bill of Rights
Find Georgia Regulations

Get help with:
Refunds
Web Access

Customer Contact Center:
1-877-423-6711

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2025 IT-711 Instructions Booklet

What is the Georgia Tax Center?
The Georgia Tax Center (GTC) is the Department of Revenue’s secure self-service customer facing portal for
making online Individual or Business Tax payments and for corresponding with the Department of Revenue.

Who can Sign Up for GTC?
Any taxpayer that pays taxes in the State of Georgia is eligible to use GTC for Adult Entertainment Tax, Alcohol
License, Composite Tax, Corporate Income Tax, Fiduciary Income Tax, Fireworks Excise Tax, International
Fuel Tax, Motor Fuel Distributor Tax, Non-Prepaid 911 Charge, Prepaid Wireless 911 Charge, Public Service
Commission, Public Utilities and Airlines, Qualified Timberland Property, Railroad Equipment, Sales and Use
Tax, State Hotel-Motel Fee, Tobacco License, Transportation Services Tax, Withholding Misc., Withholding Misc.
Film and Withholding Tax. For more information, see https://gtc.dor.ga.gov.
Note: Third party filers can sign up for GTC to access their clients’ information with the proper
documentation and authorization. For more information see https://dor.georgia.gov/taxes/information-taxprofessionals/third-party-filers

How Do I Sign Up?

GTC Features

To use GTC, visit our website at https://gtc.dor.
ga.gov. First time users must register before
accessing tax accounts. To register, you will need:
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Request a refund

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Penalty waivers

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Tax type account number

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Federal Employer Identification Number (FEIN) /
Social Security Number (SSN)

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Amount of your last payment

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A valid e-mail address

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ZIP code of your business location

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Third party filers can sign up for GTC to access their
clients’ information with the proper documentation
and authorization. For more information see
https://dor.georgia.gov/taxes/information-taxprofessionals/third-party-filers.

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Please visit our website for instructional videos and
frequently asked questions: dor.georgia.gov/taxes/
georgia-tax-center-help.

Address updates

Protest of Proposed Assessments

Register and add access to accounts
Submit a Power of Attorney (POA)
View account balances

Respond to document request notices
Manage your tax credits

Make payments as a direct debit from a US bank
and/or using credit or debit cards
View copies of correspondence

Request an Installment Plan Agreement (IPA) or
an Offer in Compromise (OIC)
Request Tax Clearance

For a complete list of features visit GTC at https://
gtc.dor.ga.gov.

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2025 IT-711 Instructions Booklet

GENERAL INFORMATION
Introduction

Section 6225(c) of the Internal Revenue Code, the
final determination date is the date the amended
return, claim, adjustment request, or related report is
filed.

FEDERAL TAX CHANGES/CONFORMITY, NEW LEGISLATION, ANOTHER
POLICY INFORMATION

45-day Period to File an Appeal or Protest: Beginning
July 1, 2025, taxpayers will have 45 days to take action
based on the following notices:

Federal Tax Changes/Conformity with Federal
Changes, New Legislation, and
other Policy
information are available via the Department’s
website

- From the date of a notice of proposed assessment,
taxpayers have 45 days to file a protest.
- Following a notice of refund denial or notice of
partial payment, taxpayers also have 45 days to
submit a protest.

https://dor.georgia.gov/taxes/tax-rules-andpolicies/income-tax-fed­eral-tax-changes

- Upon issuance of the Official Assessment
and Demand for Payment Notice, taxpayers
have 45 days to file a petition with the
Tax
Tribunal
or
the
Georgia
Tax
Court.

FREQUENTLY ASKED QUESTIONS
Answers to frequently asked questions regarding
corporations, S Corporations, partnerships, LLCs, and
nonresident withholding are available on our website
https://dor.georgia.gov/taxes/tax-faqs-due-datesand-other-resources

Subtraction for Hurricane Helene Disaster Relief
Payments: For taxable years beginning on or after
January 1, 2025, and ending on or before December
31, 2029, taxpayers can subtract from Georgia
taxable income payments received from a Federal or
Georgia disaster relief or assistance grant program
for agricultural losses suffered due to Hurricane
Helene during the 2024 calendar year.

What’s New
New Tax Rate: For taxable years beginning on or after
January 1, 2024, the income tax rate for Partnerships
electing to pay tax at the entity level is the same
income tax rate imposed on individual taxpayers for
the corresponding taxable year. The tax rate for the
taxable year beginning on or after January 1, 2025 is
5.19%. The tax rate is not prorated but is applicable for
the entire tax period. Fiscal filers must use the tax rate
based on the start of their filing period when filing; the
tax rate is not prorated. The tax rate for subsequent
tax years may change.
Update to Final Determination Date for Reporting
Federal Changes: Taxpayers must report any federal
changes or corrections resulting from a federal audit
within 180 days of the final determination date. When
those changes result from an amended federal
return, a federal refund claim, an administrative
adjustment request, or a similar report filed under

The programs must be administered by Georgia or
its instrumentalities or the United States Department
of Agriculture and established specifically to address
agricultural losses suffered due to Hurricane Helene
during the 2024 calendar year. The subtraction is only
allowed to the extent the payments were included in
Federal adjusted gross income.
Subtraction for Federal Crop Insurance Proceeds
Received for Hurricane Helene: For taxable years beginning on or after January 1, 2025, and ending on or
before December 31, 2025, taxpayers can subtract
from Georgia taxable income federal crop insurance
proceeds received for the destruction or damage to
crops due to Hurricane Helene during the 2024 calendar year. The subtraction is only allowed to the extent
the proceeds were included in Federal adjusted gross
income.

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2025 IT-711 Instructions Booklet

Converted Vehicle Tax Credit (Credit Code 156): This
is a credit for the conversion of a conventionally fueled vehicle to a converted vehicle that is registered
in Georgia. A converted vehicle is a vehicle that is
retrofitted to be fueled solely by an alternative fuel
and meets the emission standards for low-emission
vehicles when operating on such alternative fuel or
the emission standards of zero emission vehicles as
defined under the rules of regulations of the Board
of Natural Resources. The amount of the credit is
the lesser of 10 percent of the cost of conversion or
$2,500.00. A certification issued by the Environmental Protection Division of the Department of Natural
Resources must be provided with the return to claim
the credit. Any credit claimed but not used may be
carried forward for three years from the year of conversion. For more information, refer to O.C.G.A. §487-40.16.

Georgia Tax Court and Pending Tax Tribunal Cases:
Starting July 1, 2026, the Georgia Tax Court will officially succeed the Tax Tribunal and begin accepting
tax appeal petitions. Also, any cases pending before
the Tax Tribunal as of June 30, 2026, are transferred
to the Georgia Tax Court. Any petitioner with a case
pending before the Tax Tribunal has until December
31, 2025, to submit a written demand to not transfer
their case to the Georgia Tax Court. On June 30, 2026,
any unresolved cases that were requested not to be
transferred to the Georgia Tax Court are dismissed.

Tax Credit Updates
New 2025 Credit Codes:
For taxable years beginning on or after January 1,
2025, the credit codes listed below must be used to
generate credits that include the new credit carryforward periods. All other credits will continue to use
the same credit codes. For additional information on
each credit, please see https://dor.georgia.gov/taxes/tax-credits.

Qualified Rural Hospital Organization Expense Tax
Credit (Credit Code 136): This credit has been extended through December 31, 2029. From January 1
through June 30, the individual credit limit is now set
at $25,000 for members of limited liability companies, Subchapter “S” corporation shareholders, and
partners in partnerships. Additionally, the annual aggregate cap has been raised to $100 million. Taxpayers who receive preapproval on or before September
30 must make their contributions within 180 days of
preapproval, but not later than October 31. Taxpayers
who are preapproved after September 30 must make
their contributions by December 31. If a taxpayer submits a credit preapproval request for an amount that
exceeds the yearly contribution cap for their chosen
rural hospital organization, the request will not be denied. Instead, the requested amount will be awarded to the chosen rural hospital organization up to its
yearly contribution cap, and the remaining amount
will be held in reserve to the next available rural hospital organization with the highest financial need that
has not yet reached its yearly contribution cap. For
more information, refer to O.C.G.A. §48-7-29.20 and
Regulation 560-7-8-.57.

155 Timber Tax Credit 2025
157 Employer’s Jobs Tax Credit 2025
158 Port Activity Job Tax Credit 2025
159 Port Activity Manufacturing Investment Tax
Credit 2025
160 Life Sciences Manufacturing Job Tax Credit 2025
161 Rural Zone Tax Credit 2025
Timber Tax Credit (2025) (Credit Code 155): This is a
refundable income tax credit for taxpayers that suffered damage due to Hurricane Helene during 2024.
Taxpayers must request pre-approval electronically
from the Department through the Georgia Tax Center
by December 31, 2025. The aggregate amount of tax
credits allowed is $200 million. The credit can be sold
to a Georgia taxpayer, but the credit is not refundable for the purchaser of the credit. The credit must
be claimed on or before December 31, 2030. For more
information, refer to O.C.G.A. §48-7-40.37.

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Credit Carryforward Years Reduced for Several
Credits: The number of carryforward years for
several 2025 income tax credits have been reduced.
In addition, installment periods for certain credits
have been reduced. For more information on income

2025 IT-711 Instructions Booklet

tax credits and their carryforward periods, please see
https://dor.georgia.gov/taxes/tax-credits.

Internal Revenue Service regulations.

Claims for Refunds
A claim for refund of tax paid must be made within
three years from the later date of either payment
of the tax or the due date of the income tax return
(including extensions which have been granted).

Filing Requirements
A partnership, limited liability company, syndicate,
group, pool, joint venture and unincorporated
organization which is engaged in business or
owns property located in Georgia or has members
domiciled in Georgia or has income from Georgia
sources, and which is required to file a Federal Income
Tax return on Form 1065, is required to file a Georgia
Income Tax return on Form 700.

Late Payments Penalty
A taxpayer having an extension must pay the
Georgia tax by the statutory due date of the return
(excluding extensions) using Form IT-560C. Credit
for this prepayment should be claimed on Form 700,
Schedule 3, Line 2. If tax is not paid by the statutory
due date of the return, a late payment penalty of 1/2
of 1% per month (up to 25%) and interest will accrue
until the tax is paid. This penalty will accrue from the
statutory due date regardless of any extension for
filing the return. See page 16 for more information.

Corporate Partners Of Partnerships
A corporation will be considered to own property
in Georgia, do business in Georgia, or have income
from Georgia sources whenever the corporation is a
partner, whether limited or general, in a partnership
which owns property or does business in Georgia, or
has income from Georgia sources.

EXTENSION INFORMATION FOR
PARTNERSHIPS
Georgia Code Section 48-7-57 provides that a
taxpayer need not apply for a Georgia extension if
the taxpayer applies for and receives an automatic
six (6) month extension to file their Federal income
tax return. If the return is received within the time
extended by the Internal Revenue Service and Form
7004 is attached to the return, no late filing penalties
will apply. Georgia law prohibits granting an
extension of more than six months from the due date
of the return. Failure to attach a copy of the Federal
extension will result in the return being considered
filed late and the assessment of applicable penalties.
If you do not need a Federal extension, use Form
IT-303 to request a Georgia extension if necessary.
If an extension is granted but the tax was not paid
by the statutory due date, late payment penalties
will be assessed until the tax is paid (income tax at
1/2 of 1% per month up to 25% of the tax due). Also,
interest will be assessed as specified on page 16
from the statutory due date until the tax is paid in full.
Late payment on penalties and interest accrue from
the statutory due date regardless of an extension.
Non estimated tax payments made prior to filing a
completed return must be accompanied by Form

When And Where to File
Form 700 must be filed on or before the 15th day of
the third month following the close of the taxable
year. This would be March 15th if filing on a calendar
year basis. If the due date falls on a weekend or
holiday, the return is due on the next day that is not a
weekend or holiday. Paper returns should be mailed
to the Georgia Department of Revenue, Processing
Center, P.O. Box 740315, Atlanta, Georgia 30374-0315.

When is Electronic Filing Required?
Pursuant to O.C.G.A. § 48-7-54, the Commissioner
requires any nonindividual taxpayer and any return
preparer who prepares any return, report, or other
document required to be filed by Chapter 7 of Title
48 to electronically file any return, report, or other
document required to be filed by Chapter 7 of Title 48
when the federal counterpart of such return, report, or
other document is required to be filed electronically
pursuant to the Internal Revenue Code of 1986 or

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2025 IT-711 Instructions Booklet

Limited Liability Company

IT560C and claimed on Form 700, Schedule 3, Line 2.
An extension of time does not alter interest or penalty

Each limited liability company and foreign limited
liability company shall be classified as a partnership
for Georgia income tax purposes unless classified
otherwise for Federal income tax purposes, in which
case the limited liability company or foreign limited
liability company shall be classified for Georgia
income tax purposes in the same manner as it is
classified for federal income tax purposes.

charges for late payment of tax.
NOTE: Check the “Extension” box on Form 700 if a
Federal or Georgia extension was granted. Failure to
check the extension box will result in assessment of a
late filing penalty.

Net Worth Tax
Partnerships are not subject to net worth tax.

ADJUSTMENTS TO FEDERAL INCOME:
(Schedules 5 and 6)

Qualified Payments to Classified Subcontractors:
Effective January 1, 2025, a corporation which is a
party to state contracts may subtract from Federal
taxable income 10% of qualified payments to
classified subcontractors. A classified subcontractor
is defined as a small business certified as a minority
business enterprise, women owned business, or
veteran owned business. Previously, the subtraction
was available only for qualified payments to minority
businesses.

To determine the total income for Georgia purposes,
certain adjustments as provided by Georgia law are
included in the computations for Schedules 5 and
6. The total additions to Federal Income should be
placed on Line 9 of Schedule 8, and listed in Schedule
5. The total subtractions from Federal income
should be shown on Line 11 of Schedule 8 and listed
on Schedule 6. The more commonly used items are
listed in each schedule.

Grants and Subgrants Received for Investments
in Broadband Infrastructure: For taxable years
beginning on or after January 1, 2025 and prior to
January 1, 2029, a corporation can subtract from
taxable income any broadband infrastructure
investment grant or subgrant received pursuant to
the Broadband Equity, Access, and Development
Program (BEAD) or the American Rescue Plan of 2021
but only to the extent that such grant or subgrant is
included in the corporation’s taxable income.

A partnership must add back all intangible expense
and related interest expenses directly or indirectly
paid to a related member. All such expenses must
be listed as an addition to Federal income even
if the taxpayer qualifies for an exception. If the
taxpayer qualifies for a full or partial exception,
Form IT-Addback must be completed in order for the
taxpayer to take a subtraction on Schedule 6 for all
or any portion of the addition listed on Schedule 5.
A partnership must add back all captive REIT
expenses directly or indirectly paid to a related
member. All such expenses must be listed as an
addition to federal income even if the taxpayer
qualifies for an exception. If a taxpayer qualifies
for a full or partial exception, Form IT-REIT must be
completed.

Relation to the Federal
Return
The Georgia returns correlates to the Federal return
in most respects (see information about Federal tax
changes). The accounting period and method used
for the Georgia return must be the same as on the
Federal return. A complete copy of the Federal return
and all supporting schedules must be included with
the Georgia return. Otherwise, your return will be
deemed incomplete.

A taxpayer must addback payments of more than
$600 in a taxable year made to employees who are
not authorized employees and who are not excepted
by O.C.G.A. § 48-7-21.1. An authorized employee is
someone legally allowed to work in the United States

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2025 IT-711 Instructions Booklet

Additionally, adjustments due to Federal tax changes
should be reported as stated on the Department’s
website:
https://dor.georgia.gov/taxes/tax-rulesand-policies

on Georgia municipal bonds issued by the State of
Georgia and certain Georgia follows the provisions of
I.R.C. Section 163(j) as they existed before the 2017 Tax
Cuts and Jobs Act.

U.S. obligation income that is subtracted must be
reduced by direct and indirect interest expense. To
arrive at such reduction, the total interest expense
is multiplied by a fraction, the numerator of which
is the taxpayer’s average adjusted basis of the U.S.
obligations, and the denominator of which is the
average adjusted basis of all assets of the taxpayer.

See Georgia Code Section 48-7-27 for additional
adjustments.

Federal Audit
Georgia House Bill 849 was enacted in 2017. This bill
modifies Code Section 48-7-53 and provides for the
reporting of federal partnership adjustments effective
for taxable years beginning on or after January 1,
2018. With a federal partnership adjustment, the
partnership is required to file an amended Georgia
return (please check the “Amended due to IRS
Audit” box on Page 1 of the Form 700). With a federal
partnership adjustment (and also for an amended
return filed by the partnership), a partnership may
elect to pay the tax due on behalf of its partners
by checking the box on page 1 of Form 700. If the
partnership makes this election, a schedule should
be attached to the Form 700 which provides the
details of the income reported for the partners and
the total income should be entered on page 1 of Form
700. The bill also provides for Georgia partnership
audit adjustments and related appeals effective for
taxable years beginning on or after January 1, 2017,
and earlier if the Department and the partnership
agree. For a Georgia partnership audit, a partnership
may elect to pay the tax due on behalf of its partners
by checking the box on Line 2 of Schedule 1. This
election can be made on an original or amended
return filed before the audit starts or at the time of
the audit. If the election is made, the partnership will
not file an amended return, instead the Department
will issue a notice to the partnership to facilitate the
collection of the tax. If the election is not made, the
partnership and its direct and indirect partners must
file amended returns.

Any expense that is subject to further limitation (e.g.,
Section 179 Deduction, Charitable Contributions,
etc.) is not deductible in calculating total income for
Georgia purposes. However, these expenses may be
deductible on the partner’s income tax return.
Where salaries and wages are reduced in computing
Federal taxable income because a federal jobs tax
credit has been taken, which required the elimination
of the salary and wages deduction, the eliminated
salary and wage deduction shall be subtracted from
Georgia taxable income. Regulation 560-7-7-.05
defines the term “Federal jobs tax credit”.
Taxpayers who are parties to state contracts
may subtract from Federal taxable income or
Federal adjusted gross income 10% of qualified
payments to classified subcontractors or $100,000,
whichever is less, per taxable year. A list of classified
subcontractors is maintained by the Commissioner
of the Department of Administrative Services for
the Revenue Department and general public. To
register your business as a classified subcontractor
or to view the list, call 404-656-5514 or visit https://
doas.ga.gov/state-purchasing/georgia-businesscertification-program.
A partnership may subtract Federally taxable interest
received on Georgia municipal bonds designated
as “Build America Bonds” under Section 54AA of
the Internal Revenue Code of 1986. “Recovery Zone
Economic Development Bonds” under Section 1400U2 of the Internal Revenue Code or any other bond
treated as a “Qualified Bond” under Section 6431(f)
of the Internal Revenue Code are considered “Build
America Bonds” for this purpose. A partnership may
also subtract federally taxable interest received

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2025 IT-711 Instructions Booklet

Amended Returns
If a partnership becomes aware of changes after filing their return, it should file an amended Form 700. Check
the Amended return box on Form 700 and submit an amended K-1 for each partner and a complete copy of
the amended Federal partnership return, including schedules, if applicable.

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2025 IT-711 Instructions Booklet

GENERAL INFORMATION
Election To Pay at the Entity Level

Computation of Total Income for
Georgia Purposes (Schedule 8)

A partnership may annually make an irrevocable
election to pay income tax at the entity level instead
of passing the income tax liability through to the
partners. To make the election, the partnership must
check the box, “Partnership elects to pay the tax at
the entity level”, on the Form 700 by the due date or
extended due date of the Form 700.

Schedule 7 reflects flow-through income from the
federal return which is taxable to the individual
partners. A resident partner is required to report his
full share of partnership income or loss. A nonresident
partner is required to report only his share of Georgiaapportioned and Georgia-allocated income on such
partner’s return. Payments made to a partner for
services rendered or interest on capital contributions
(guaranteed payments) are not deductible when
computing the partnership’s net income. Schedule
8 is similar to the Federal Schedule K. Enter the total
amounts from each category on Schedule 8 where
applicable.

The election to pay tax at the entity level is binding
on all partners, including nonresident partners. A
composite return is not required when the election
is made. Any allocable shares of the electing
partnership’s income or loss included on the partners’
Federal adjusted gross income must be adjusted on
the partners’ own Georgia income tax returns. The
partners are not eligible to claim a credit for taxes
paid to Georgia with respect to income taxed at the
partnership level.

Income Apportionment And
Allocation
If any Partnership, domestic or foreign, is doing
business or owns property either within and/or
outside of Georgia, the average ratio as computed
in Schedule 7 should be used to compute Georgia
Net Income in Schedule 2. If the business income
of the partnership is derived from Georgia sources,
from property owned or business done within this
State, and in part from property owned or business
done outside this State, the tax shall be imposed
only on that portion of the business income which
is reasonably attributable to Georgia sources and
property owned and business done within this State,
to be determined as follows:

Tax attributes, including but not limited to credits
and net operating losses, do not pass through to the
partners but remain with the electing partnership
regardless of whether an election is made for
subsequent taxable years. However, an electing
partnership may make an irrevocable election to
pass through all or part of any credit, that is generated
within the applicable statute of limitation period for
the partnership, to its partners for the taxable year
the credit is generated. The election to pass credits
through to the partners is not available for the
Qualified Education Expense Tax Credit, the Qualified
Education Donation Credit, and the Qualified Rural
Hospital Expense Tax Credit.

(1) Interest received on bonds held for investment
and income received from other intangible property
held for investment are not subject to apportionment.
Rentals received from real estate held purely for
investment purposes and not used in the operation of
the business are also not subject to apportionment.
All expenses connected with the interest and rentals
from such investments are likewise not subject to
apportionment but must be applied against the
investment income. The net investment income from
intangible property shall be allocated to Georgia if
the partnership’s situs is in Georgia, or the intangible
property was acquired as income from property held

The electing partnership must make estimated tax
payments in the same manner as a C Corporation.

Estimated payments made by the partners are not
eligible to be transferred to the electing partnership
but can be used to compute the penalty on Form
600-UET as if the electing partnership had made such
payments. See Code Section 48-7-23 and Regulation
560-7-3-.03 for more information.

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2025 IT-711 Instructions Booklet

in Georgia, or as a result of business done in Georgia.
Net investment income from tangible property in
Georgia shall be allocated to Georgia.
(2) Gains from the sale of tangible or intangible
property not held, owned or used in connection with
the trade or business of the partnership, nor for sale
in the regular course of business, shall be allocated to
Georgia if the property sold is real or tangible personal
property situated in this State, or intangible property
having an actual situs or a business situs within this
State. Otherwise, the gains shall not be allocated to
this State.
(3) Net income of the above classes having been
separately allocated and deducted, the remainder of
net business income shall be apportioned as follows.

One Factor Formula
(a) Gross Receipts Formula. The gross receipts factor
is the ratio of gross receipts from business done
within this State to total gross receipts from business
done everywhere.
Receipts derived from the sale of tangible personal
property shall be deemed to have been derived
from business done in Georgia if they were received
from products shipped to customers in this State or
products delivered within this State to customers.
When receipts are derived from business other
than the sale of tangible personal property, receipts
shall be deemed to have been derived in Georgia if
received from customers within this state, or if the
receipts are otherwise attributable to this State’s
marketplace.
1.	

For tax years beginning on or after January 1,
2008, the Georgia apportionment ratio shall be
computed by applying only the gross receipts
factor. See Rules and Regulation 560-7-7-.03 for
specific details.

2.	 For tax years beginning on or after January 1, 2006,
a company whose net income is derived from
the manufacture, production, or sale of tangible
personal property, and from business other than
the manufacture, production, or sale of tangible
personal property, must include gross receipts
from both activities in their receipts factor.

3.	 For tax years beginning on or after January 1,
2006, a company whose net income is derived
from business other than the manufacture,
production, or sale of tangible personal property,
only includes in their receipts factor gross receipts
from activities which constitute the taxpayer’s
regular trade or business.
(b) Apportionment of Income; Business Joint
Venture and Business Partnerships. A corporation
or partnership which is involved in a business joint
venture, or is a partner in a business partnership,
must include its pro rata share of the joint venture
or partnership gross receipts values in its own
apportionment formula.

Income To Partners (Schedule 4)
This schedule provides space to show identifying
information and income distributable to the individual
partners.
Enter for each partner: 1. Name; 2. Street and Number;
3. City, State, Zip Code and Country if foreign; 4.
Social Security or Federal Identification Number; 5.
Profit (Loss) sharing percentage (Enter the ending
percentage that is listed on the Federal K-1); 6.
Georgia Source Income. If the partnership has more
than 5 partners, attach a separate schedule for the
additional partners in the same format.
Total Georgia source income may differ from total
net income because some of the partnership income
(e.g., guaranteed payments) may not be based on
the profit-sharing ratio, or the partner is a Georgia
resident. See example on page 13.

Partnership With Nonresident
Partners
Nonresident partners of partnerships doing business
both within and outside Georgia shall compute their
proportionate part of the partnership’s allocated and
apportioned income from the schedules on Form 700.
Georgia net income computed on Line 7 of Schedule 2
should be multiplied by the percentage of ownership.
This amount is further adjusted by the partner’s share
of the separately stated items mentioned on the
Department’s website. Please see page 2 for a link to

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2025 IT-711 Instructions Booklet

the Federal Tax Changes section on the website and
for the Adjustments to Federal Income section.

as well as income received from nonqualified
deferred compensation plans if the income is paid
out over the life expectancy of the person or at least
10 years. An employer is required to withhold Georgia
income tax on any amounts that are required to be
included in the nonresident’s income.

A partnership that owns property or does business
within this State is required by O.C.G.A. § 48-7-129
to withhold on the annual partner’s share of taxable
income sourced to Georgia. The withholding tax
rate is 4%. Withholding is not required if the annual
partner’s share of taxable income sourced to Georgia
is less than $1,000. Also there are various exemptions
from nonresident withholding. See Regulation 5607-8-.34 and Form NRW-Exemption. As an alternative
to withholding, the partnership may file a composite
return (Form IT-CR) for its nonresident partners.
Permission is not required to file a composite return.
Please check the Composite Return Filed box on page
1 of Form 700.

Guaranteed Payment Example
The following example illustrates how guaranteed
payments should be treated when there is a
nonresident partner: There are two partners in the
partnership. Partner One is a resident of Georgia
and owns 25% of the partnership. Partner One
receives a guaranteed payment of $10. Partner Two
. a nonresident of Georgia and owns 75% of the
is
partnership. Partner Two receives a guaranteed
payment of $40. The profit and loss sharing ratio is
the same as the ownership percentage. The Georgia
apportionment ratio on Line 2, Schedule 7, of Form
700 is 50%.

Subsection (c) of O.C.G.A. § 48-7-24 provides an
exemption from Georgia income tax for a nonresident
partner who receives income from a partnership
which derives income exclusively from buying, selling,
dealing in, and holding securities on its own behalf
and not as a broker. Accordingly, withholding under
O.C.G.A. § 48-7-129 would not apply in this situation.

Ordinary income reported on
Line 1, Schedule 8, of Form 700.............................................$100
Guaranteed payment reported on

Note: This exemption does not apply to a family
limited partnership or similar nontaxable entity, the
majority interest of which is owned by one or more
natural or naturalized citizens related to each other
within the fourth degree of reckoning according to the
laws of descent and distribution. Also, this exemption
does not apply to a partner that participates in the
management of the partnership or that is engaged
in a unitary business with another person (including
entities) that participates in the management of the
partnership.

Line 5, Schedule 8, of Form 700............................................ $50
Total income for Georgia purposes,
Line 12, Schedule 8, of Form 700..........................................$150
Partner One (resident) is required to report $35
on the Georgia return. The entire $10 guaranteed
payment plus their share of the ordinary income of
the partnership, which is $25 ($100 ordinary income
placed on line 1, schedule 8, of Form 700 multiplied
by the ownership percentage of 25%). Partner Two
(nonresident) is required to report $58 on the Georgia
return. The Georgia portion of the guaranteed
payment is $20 ($40 guaranteed payment multiplied
by the Georgia ratio of 50%) plus the share of the
Georgia portion of the ordinary income of the
partnership, which is $38 ($100 ordinary income
placed on line 1, schedule 8 of Form 700 multiplied by
their ownership percentage of 75% multiplied by the
Georgia ratio of 50%).

Deferred Compensation
A nonresident, who receives deferred compensation
or income from the exercise of stock options that
were earned in Georgia in a prior year is required
to pay tax on the income, but only if the prior year’s
income exceeds the lesser of: 1) 5 percent of the
income received by the person in all places during
the current taxable year; or 2) $5,000. However, the
income is not taxed if federal law prohibits the state
from taxing it. Federal law prohibits state taxation of
some types of retirement income including pensions

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2025 IT-711 Instructions Booklet

GA Net Operating Loss (NOL) Carry Forward Worksheet (Schedule 9)
This worksheet should be used to calculate the NOL carryovers. Select the type of loss for the current year. The
types of losses are as follows:
•	

Normal Loss: A Normal loss can only be carried forward until exhausted.

•	

Insurance loss (2) year: An Insurance loss can be carried back 2 years and carried forward for 20 years or
until exhausted.

•	

Farm Loss (2) Year: A Farm loss can be carried back 2 years. A Farm loss can be carried forward indefinitely
or until exhausted.

For columns A-F see the instructions on Schedule 9 on page 15 of this booklet.

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2025 IT-711 Instructions Booklet

GEORGIA NOL CARRY FORWARD WORKSHEET
Current Year NOL Type:

A

Loss Year
2021
2022

Normal Loss

B

Farm Loss

C

D

Income Year

Loss Amount
$ 118,765

NOL Utilized

Insurance Loss

E

Balance
$ 118,765
$ 386,280

$ 386,280

X
E

M
A

F

Remaining NOL
$ 118,765
$ 386,280

E
L
P

1. NOL Carry Forward Available to Current Year

$ 505,045

2. Current Year Income / (Loss) (Schedule 1, Line 5 or Schedule 7, Line 7)

$ 404,036

3. NOL from Taxable Years Beginning on or after 1/1/2018 Applied to Current Year (Cannot exceed 80% of
Line 2; see instructions for more information) (Enter on Schedule 1, Line 4)
4. NOL Carry Forward Available to Next Year (Line 1 less Line 3 plus any loss amount on Line 2)

$ 323,229
$181,816

INSTRUCTIONS

Column A: List the loss year(s).
Column B: List the loss amount for the tax year listed in Column A.
Columns C & D: List the years in which the losses were utilized and the amount utilized
each year.
Column E: List the balance of the NOL after each year has been applied. (Column B less
Total the remaining NOL (Col. F) and enter in the space at the bottom of the worksheet for “NOL Carry forward Available to
Current Year”. Then insert “Current Year Income / (Loss)” in the space provided and compute the remainder of the schedule. Create additional copies as needed.

15

2025 IT-711 Instructions Booklet

REFUND, TAX DUE, PENALTIES AND INTEREST
Computation of Tax Due of Overpayment (Schedule 3)

•	

If you have an overpayment and an amount due
for interest, Form 600UET and/or other penalties the
following should be applied: If Line 6 is greater than
Line 7, Line 8 and Line 9 combined, subtract Lines 7, 8
and 9, from Line 6 and enter the overpayment on Line
12. Otherwise, add Lines 7, 8 and 9, and then subtract
Line 6. Enter this amount on Line 10.

Penalties and Interest

Direct Deposit Option
A fast, simple, safe, secure way to have your refund
deposited automatically to your checking or savings
account. Check the appropriate box for the type of
account. Do not check more than one box. You must
check the correct box to ensure your direct deposit is
accepted.
The routing number must be nine digits. The first two
digits must be 01 through 12 or 21 through 32. The
account number can be up to 17 characters (both
numbers and letters). Ask your financial institution for
the correct routing number to enter if:
•	

The routing number on a deposit slip is different
from the routing number on your checks.

•	

The deposit is to a savings account that does not
allow you to write checks or

•	

Your checks state they are payable through a
financial institution different from the one at
which you have your checking account. Include
hyphens but omit spaces and special symbols.
Enter the number from left to right and leave any
unused boxes blank.

Reasons your direct deposit may be rejected – If any
of the following apply, your direct deposit request
may be rejected, and a check will be sent:
•	

Any numbers or letters are crossed out or whited
out.

•	

Your financial institution may not allow a joint
refund to be deposited to an individual account.
The State of Georgia is not responsible if a financial
institution rejects a direct deposit.

You request a deposit of your refund to an
account that is not in your name (such as your
tax preparer’s own account).

The Georgia Code imposes certain penalties as
follows:
Delinquent filing of a return–5% of the tax not paid
by the original due date for each month or fractional
part thereof up to 25%.
Failure to pay tax shown on a return by the due date
- 1/2 of 1% of the tax due for each month or fractional
part thereof up to 25%. Failure to pay tax penalty is
not due if the return is being amended due to an IRS
audit.
Negligent underpayment of tax-5% thereof.
Fraudulent underpayment-50% thereof.
Underpayment of estimated tax- see page 19.
Note: The combined total of the penalty for delinquent
filing of a return and failure to pay tax shown on a
return cannot exceed 25% of the tax not paid by the
original due date.
Interest that accrues beginning July 1, 2016 accrues
at an annual rate equal to the Federal Reserve prime
rate plus 3 percent. The interest rate will be reviewed
and may be adjusted in January of each subsequent
calendar year. See https://dor.georgia.gov/annualnotice-interest-rate-adjustment for the annual
interest rate. For more information on Penalties and
Interest, see:
https://dor.georgia.gov/penalty-and-interest-rates.

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2025 IT-711 Instructions Booklet

Electronic Payments
You may pay partnership income and estimated taxes using Georgia Tax Center (GTC). Partnerships with
quarterly payments of more than $10,000 must pay via electronic funds transfer. A penalty of 10% will be
added if the payment is not submitted electronically through GTC. You may pay income and estimated taxes
using Georgia Tax Center (GTC).
Please visit the GTC website at https://gtc.dor.ga.gov for more information. You may also contact the Customer
Contact Center at 1-877-423-6711.

Payments Options
GTC accepts individual income and estimated tax payments. For information about GTC payment options,
visit our website at gtc.dor.ga.gov or visit our self-service instructional videos at dor.georgia.gov/georgia-taxcenter-help.
The Georgia Department of Revenue accepts Visa, American Express, MasterCard, Discover, PayPal, or
electronic check as payment for current year partnership/PTE income tax due on original Form 700 as well as
for liabilities presented to taxpayers via Georgia Department of Revenue assessment notices. Payments can
be made on GTC. There is a convenience fee for this service that is paid directly to the credit card processing
company.
For more information on payments, visit our website at https://dor.georgia.gov/taxes/how-do-i-make-taxpayment or contact the Taxpayer Services Customer Contact Center at 1-877-423-6711.

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2025 IT-711 Instructions Booklet

ADDITIONAL INFORMATION
Payment Agreement
You must meet the following criteria for a payment agreement:
•	

Returns for all years must be filed

•	

Agreements are up to 60 months

•	

Payments should be made through automatic debit from your bank account

Note: There is a set up cost associated with initiating a payment agreement.
Payment requests may be submitted online via the Georgia Tax Center (GTC) at gtc.dor.ga.gov. Please contact
your local regional office at 404-417-6605 or via e-mail to [email protected] to determine eligibility.
For more information on Payment Agreements, visit our website at https://dor.georgia.gov/installmentagreements-faq.

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2025 IT-711 Instructions Booklet

PARTNERSHIP ESTIMATED INCOME TAX INSTRUCTIONS
PARTNERSHIPS THAT MUST FILE ESTIMATED TAX
The tax rate is 5.19%

A partnership that elects to pay tax at the pass-through entity level must make estimated tax payments
in the same manner as a corporation and using the Form 602-ES. Every domestic or foreign partnership
subject to taxation in Georgia shall pay estimated tax for the taxable year if its net income for such
taxable year can reasonably be expected to exceed Twenty-Five Thousand Dollars ($25,000.00).
All partnership income tax must be paid directly to the Georgia Department of Revenue. Estimated tax
payments must be made by the specified dates (see chart below) so that the total estimated tax is paid
in full by the 15th day of the twelfth month of the taxable year.
If the requirements to file estimated tax under Code Section 48-7-117 are first met as shown in the lefthand column of the following table, then the estimated tax shall be due as shown in the remaining
columns.
Failure to comply with the provisions of the law may result in a penalty of 5% of the income tax for
failure to pay estimated tax and a charge at a rate of 9% per annum for underpayment of estimated
tax. Compute the 9% penalty on Form 600 UET and check the “UET Annualization Exception attached”
box if an exception applies and attach the 600 UET to the return. Enter penalty from 600 UET on
Schedule 3 Line 9 of Form 700.
The following percentages of estimated tax
shall be paid on or before the fifteenth day
of the:

4th Month of
the Taxable
Year

6th Month of
the Taxable
Year

9th Month of
the Taxable
Year

12th Month of
the Taxable
Year

Before the first day of the fourth month of
the taxable year.

25%

25%

25%

25%

33 1/3%

33 1/3%

33 1/3%

50%

50%

After the last day of the third month and
before the first day of the sixth month of the
taxable year.
After the last day of the fifth month and
before the first day of the ninth month of the
taxable year.
After the last day of the eighth month and
before the first day of the twelfth month of
the taxable year.

100%

NEW ESTIMATED TAX FILERS
If you determine that you are required to file estimated tax, mail your initial payment along with Form
602ES. The estimated tax worksheet is on the Form 602ES. Include your corporate name, address,
telephone number, Federal Employer Identification Number, and the taxable year. For more information,
contact the Department at 1-877-423-6711.
Form 602ES should be mailed to State of Georgia, Department of Revenue, P.O. Box 105136, Atlanta,
Georgia 30348-5136. Check or money order for payment of tax should be made payable to Georgia
Department of Revenue. Include your Federal Employer Identification Number on your check or money
order.

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2025 IT-711 Instructions Booklet

TAX CREDITS
Note: A return is required to be filed electronically if the return generates, allocates, claims, utilizes, or includes in any
manner a Series 100 credit.
Disregarded Single Member LLC Credit Instructions. If the taxpayer owns or is owned by a disregarded single member
LLC, the single member LLC should be disregarded for filing purposes. All credits should be claimed on the owner’s return.
All tax credit forms should be filed in the name of the single member LLC but included with the owner’s return. This is necessary so that the returns can be processed and the credits flow to the proper taxpayer.
Credit Usage And Carryover (Schedule 10B) Georgia tax credits (Series 100) must be claimed on Schedule 10. Refundable
credits are claimed on Schedule 10B. Currently only the Timber Tax credit is refundable but is not refundable if it was purchased.

Code	 Name of Credit
102 - Employer’s Credit for Approved Employee 		
	Retraining
103 - Employer’s Jobs Tax Credit
104 - Employer’s Credit for Purchasing Child Care 		
	Property
105 - Employer’s Credit for Providing or Sponsoring 	
	
Child Care for Employees
106 - Manufacturer’s Investment Tax Credit
107 - Optional Investment Tax Credit
109 - Low Income Housing Credit
111 - Business Enterprise Vehicle Credit
112 - Research Tax Credit
113 - Headquarters Tax Credit
114 - Port Activity Tax Credit
115 - Bank Tax Credit
118 - New Facilities Jobs Credit
119 - Electric Vehicle Charger Credit
120 - New Manufacturing Facilities Property Credit
121 - Historic Rehabilitation Credit for Historic Homes
122 - Film Tax Credit (Use code 133 if the credit is
	
for a Qualified Interactive Entertainment 		
	
Production Company)
124 - Land Conservation Credit
125 - Qualified Education Expense Credit
126 - Seed-Capital Fund Credit
128 - Wood Residual Credit
129 - Qualified Health Insurance Expense Credit
130 - Quality Jobs Tax Credit
131 - Alternate Port Activity Tax Credit
132 - Qualified Investor Tax Credit
133 - Film Tax Credit for a Qualified Interactive
	
Entertainment Production Company
135 - Historic Rehabilitation Tax Credit for any Other 	
	
Certified Structures (not a historic home)

Code	 Name of Credit
136 - Qualified Rural Hospital Organization Expense
	
Tax Credit
138 - Postproduction Film Tax Credit
139 - Small Postproduction Film Tax Credit
140 - Qualified Education Donation Tax Credit
141 - Musical Tax Credit
142 - Rural Zone Tax Credits
143 - Agribusiness and Rural Jobs Tax Credit
144 - Post-Consumer Waste Materials Tax Credit
145 - Timber Tax Credit
146 - Railroad Track Maintenance Tax Credit
147 - Personal Protective Equipment Manufacturer
	
Jobs Tax Credit
148 - Life Sciences Manufacturing Job Tax Credit
149 - Historic Rehabilitation Tax Credit for Historic 		
	
Homes and Other Certified Structures Earning 	
	
$300K or less
150 - Historic Rehabilitation Tax Credit for Historic 		
	
Homes and Other Certified Structures 		
	
Earning $300K or less
151 - Qualified Foster Child Donation Credit
152 - Historic Rehabilitation Credit for Historic Homes
153 - Historic Rehabilitation for Other Certified 		
	
Structures
154 - Rural Healthcare Professional Credit
155 - Timber Tax Credit 2025
156 - Converted Vehicle Tax Credit
157 - Employer’s Jobs Tax Credit 2025
158 - Port Activity Job Tax Credit 2025
159 - Port Activity Manufacturing Investment Tax 		
	
Credit 2025
160 - Life Sciences Manufacturing Job Tax Credit 		
	2025
161 - Rural Zone Tax Credit 2025

Note: The credit type code numbers referenced above are subject to change from year to year. Please review the codes carefully to ensure you list the correct code number. For more details about credits and the latest forms, visit our website at: dor.georgia.gov.

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2025 IT-711 Instructions Booklet

EXAMPLE OF HOW TO FILL OUT A TAX CREDIT SCHEDULE
FOR CREDITS THAT DO NOT REQUIRE PRE-APPROVAL
If receiving the same credit type from multiple entities, you must complete one tax credit schedule
for each credit code. For the credit generated this tax year, list the Company Name and ID number if
applicable. If the credit originated with this taxpayer, enter this taxpayer’s name and ID#. Only enter a
certificate number if the Department has provided a letter with your unique certificate number because the
credit is preapproved. Purchased credits and credits received from an allocation should be included on this
schedule. If a credit is purchased from a previous year the credit should be claimed as previous year credit.
1. Credit Code

103

2. Company Name TAXPAYER’S NAME

ID Number

Credit Certificate #

Credit Generated

3. Company Name XYZ LLC

ID Number

Credit Certificate #

Credit Generated

4. Company Name ABC COMPANY

ID Number

Credit Certificate #

Credit Generated

5. Company Name

ID Number

12-3456789

67-0009876
3,000
57-2233445

Credit Certificate #

Credit Generated

6. Company Name

ID Number

Credit Certificate #

Credit Generated

7. Company Name

45,000

3,000

ID Number

Credit Certificate #

Credit Generated

8. Company Name

ID Number

Credit Certificate #

Credit Generated

9. Total available credit for this tax year (sum of Lines 2 through 8)
10. Enter the amount of credit sold (only certain credits can be sold; see instructions)
11. Total allocated to owners on Schedule 11
12. Credit used on Form IT-CR
13. Credits eligible to be sold that were not sold or allocated to partners from previous
years (do not include amounts elected to be applied to withholding)
14. Credits used on Schedule 3 Line 3
15. Potential carryover to next tax year (Line 9 less Lines 10, 11, 12 14 plus Line 13)

21

9.
10.
11.
12.
13.
14.
15.

51,000
51,000

0

2025 IT-711 Instructions Booklet

EXAMPLE OF HOW TO FILL OUT A TAX CREDIT SCHEDULE
FOR CREDITS THAT REQUIRE PRE-APPROVAL
If receiving the same credit type from multiple entities, you must complete one tax credit schedule
for each credit code. For the credit generated this tax year, list the Company Name and ID number if
applicable. If the credit originated with this taxpayer, enter this taxpayer’s name and ID#. Only enter a
certificate number if the Department has provided a letter with your unique certificate number because the
credit is preapproved. Purchased credits and credits received from an allocation should be included on this
schedule. If a credit is purchased from a previous year the credit should be claimed as previous year credit.
1. Credit Code

122

2. Company Name TAXPAYER’S NAME

ID Number

Credit Certificate # 0112233445

12-3456789

Credit Generated

3. Company Name

10,000

ID Number

Credit Certificate #

Credit Generated

4. Company Name

ID Number

Credit Certificate #

Credit Generated

5. Company Name

ID Number

Credit Certificate #

Credit Generated

6. Company Name

ID Number

Credit Certificate #

Credit Generated

7. Company Name

ID Number

Credit Certificate #

Credit Generated

8. Company Name

ID Number

Credit Certificate #

Credit Generated

9. Total available credit for this tax year (sum of Lines 2 through 8)
10. Enter the amount of credit sold (only certain credits can be sold; see instructions)
11. Total allocated to owners on Schedule 11
12. Credit used on Form IT-CR
13. Credits eligible to be sold that were not sold or allocated to partners from previous
years (do not include amounts elected to be applied to withholding)
14. Credits used on Schedule 3 Line 3
15. Potential carryover to next tax year (Line 9 less Lines 10, 11, 12 14 plus Line 13)

22

9.
10.
11.
12.
13.
14.
15.

10,000
10,000

0

2025 IT-711 Instructions Booklet

Mailing Information
Mailing Address
					Form 700:
					PROCESSING CENTER
					
					
					

GEORGIA DEPARTMENT OF REVENUE
PO BOX 740315
ATLANTA, GA 30374-0315

NOTE: Sending your return by certified mail delays the processing of your
return and refund.
2-D Barcode Return

The two-dimensional (2D) barcode that appears on your return is the encoded information you entered
on your return. This barcode reduces errors and saves time in processing the return. The 2D barcode is only
visible after your return has been printed.
The Department of Revenue has given approval to certain software companies to produce tax programs
that include a two-dimensional (2D) barcode. A list of these companies is available on our website at
https://dor.georgia.gov/approved-software-providers.
NOTE: The Department of Revenue encourages the use of 2D barcode returns; however, we neither
support nor recommend any software company. Failure to mail your return to the correct address may
cause processing delays.

PV-Corp Payment Voucher
If you owe taxes, mail your return and payment with Form PV-CORP to the address on the return. If you file
electronically, mail Form PV-CORP with the payment to the address on the form. Do not use Form PV-CORP
as a substitute for the form IT-560C. Failure to properly complete and mail the PV-CORP could result in
delayed or improper posting of your payment.

23

2025 IT-711 Instructions Booklet

STATE OF GEORGIA
DEPARTMENT OF REVENUE
TAXPAYER SERVICES DIVISION
2595 CENTURY PKWY. NE
ATLANTA, GEORGIA 30345-3173

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2025 IT-711 Instructions Booklet