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Louisiana Partnership Return of Income and Form IT-565B Apportionment
Extracted from PDF file 2024-louisiana-form-it-565.pdf, last modified December 2021Partnership Return of Income and Form IT-565B Apportionment
IT-565WEB-BC (1/25) 2024 Enter your LDR Account Number here (Not FEIN): Mark box if: Calendar Year Filer Legal Name Partnership Return of Income Fiscal Year Filer (Enter dates below.) Mail to: Louisiana Department of Revenue PO Box 3440 Baton Rouge, Louisiana 70821-3440 Mark box if: Amended Due to IRS Audit Amended Return First Time Filing of This Form Final Return Composite Partnership Return Attached Address Change Trade Name Short Period Return (Enter dates below.) Address Income (mm/dd/yy) Unit Number City State ZIP Ended Foreign Nation, if not United States (Do not abbreviate.) H. Did the partnership make the Pass-Through Entity Tax Election? IMPORTANT: Round all dollar amounts to the nearest dollar. I. A. Unit Type Begun Federal Employer Identification Number Does the income of this partnership include the income of any disregarded entities? J. For this tax year, was any partner a disregarded entity that is being included in the income tax return of a corporation (including any entity that is treated as a corporation)? B. Federal ordinary business income K. For this tax year, was any partner a corporation (including any entity that is treated as a corporation)? C. Federal net income D. Gross revenues L. For this tax year, was any partner not a corporation (including any entity that is treated as a corporation) and not a disregarded entity that is being included in the income tax return of a corporation (including any entity that is treated as a corporation)? E. Total assets F. NAICS code Yes No Yes No Yes No Yes No Yes No M. Total distributable income for NONRESIDENT partners included with the Louisiana Composite Partnership Return G. Enter the state abbreviation for location of the principal place of business. Schedule A — NOT Included Partner’s Share of Income and Tax You must complete Schedule A, NOT Included Partner’s Share of Income and Tax, for all partners not included on Schedule 6922, Louisiana Composite Partnership Return. See instructions. Schedule B — Included Partner’s Share of Income and Tax You must complete Schedule B, Included Partner’s Share of Income and Tax, for all partners included on Schedule 6922, Louisiana Composite Partnership Return. See instructions. Under the penalties of perjury, I declare that I have examined this return, including all accompanying documents, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Signature of General Partner or Limited Liability Company Member Manager Telephone Print Name of Officer Address Date (mm/dd/yyyy) Email Address Print Preparer’s Name PAID PREPARER USE ONLY Preparer’s Signature Date (mm/dd/yyyy) Firm’s Name ➤ Firm’s FEIN ➤ Firm’s Address ➤ Telephone ➤ Check ■ if Self-employed PTIN, FEIN, or LDR Account Number of Paid Preparer For Office Use Only. 65801 IT-565WEB-BC (1/25) IMPORTANT! Page one (1) of this return MUST be mailed in along with completed schedules and any barcode page that prints with your return when completed online. Do not send cash. 65801A Enter your LDR Account Number here. u _____________________________ IT-565WEB-BC (1/25) Schedule C — Other Deductions Description Amount 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Subtotal from attached additional sheets Total $ 65802 Enter your LDR Account Number here. u _____________________________ IT-565WEB-BC (1/25) Schedule D — Reconciliation of Federal and Louisiana Net Income for Partnerships with Non-Corporate Partners Column 2 1. Federal net income 2. Additions to federal net income: a. Interest and dividend income from other states and their political subdivisions b. Other additions – Attach schedule. c. Total additions – Add Lines 2a and 2b. 3. Subtractions from federal net income: a. Interest and dividend income from U.S. Government Obligations b. Other subtractions – Attach schedule. c. Total subtractions – Add Lines 3a and 3b. 4. Louisiana net income from all sources – The amount should agree with Schedule G, Line 23. Schedule E — Computation of Apportionment Percentage for Partnerships with Non-Corporate Partners Description of Items Used as Ratios 1. Total Amount 2. Louisiana Amount 3. Percent 1. Net sales of merchandise and/or charges for services A. Sales B. Charges for services C. Other gross apportionable income D. Total – Add the amounts in Columns 1 and 2. If ratio not used, check box. 2. Wages, salaries, and other personal service compensation paid during the year – See instructions. If ratio not used, check box. 3. Loans made during the year. If ratio not used, check box. 4. Taxpayers primarily in the business of manufacturing or merchandising, enter ratio from Line 1, Column 3. If ratio not used, check box. 5. Income tax property ratio – Enter percentage from Schedule F, Line 24, if applicable. If ratio not used, check box. 6. Total percents in Column 3 7. Average of percents – Divide Line 6 by applicable number of ratios. 65803 IT-565WEB-BC (1/25) Enter your LDR Account Number here. u _____________________________ Schedule F — Computation of Property Ratio Located Everywhere 1. Beginning of Year 2. End of Year Intangible Assets 1. Cash 2. Notes and accounts receivable 3. Reserve for bad debts 4. Investment in U.S. govt. obligations 5. Other current assets 6. Other investments – Attach schedule. 7. Loans to partners 8. Other intangible assets – Attach schedule. 9. Accumulated amortization 10. Total intangible assets – Add Lines 1 through 9. Real and Tangible Assets 11. Inventories 12. Bldgs. and other depreciable assets 13. Accumulated depreciation 14. Depletable assets 15. Accumulated depletion 16. Land 17. Other real & tangible assets – Attach schedule. 18. Excessive reserves, assets not reflected on books, or undervalued assets 19. Total real and tangible assets – Add Lines 11 through 18. 20. Less real and tangible assets not used in production of net apportionable income – Attach schedule. 21. Balance – Subtract Line 20 from Line 19. 22. Beginning of year balance 23. Total – Add Lines 21 and 22. 24. Income tax property ratio (Line 23, Column 4 ÷ Line 23, Column 2) 65804 IT-565WEB-BC (1/25) Enter your LDR Account Number here. u _____________________________ Schedule F — Computation of Property Ratio (Continued) Located in Louisiana 3. Beginning of Year 4. End of Year Intangible Assets 1. Cash 2. Notes and accounts receivable 3. Reserve for bad debts 4. Investment in U.S. govt. obligations 5. Other current assets 6. Other investments – Attach schedule. 7. Loans to partners 8. Other intangible assets – Attach schedule. 9. Accumulated amortization 10. Total intangible assets – Add Lines 1 through 9. Real and Tangible Assets 11. Inventories 12. Bldgs. and other depreciable assets 13. Accumulated depreciation 14. Depletable assets 15. Accumulated depletion 16. Land 17. Other real & tangible assets – Attach schedule. 18. Excessive reserves, assets not reflected on books, or undervalued assets 19. Total real and tangible assets – Add Lines 11 through 18. 20. Less real and tangible assets not used in production of net apportionable income – Attach schedule. 21. Balance – Subtract Line 20 from Line 19. 22. Beginning of year balance 23. Total – Add Lines 21 and 22. 24. Income tax property ratio (Line 23, Column 4 ÷ Line 23, Column 2) 65805 Enter your LDR Account Number here. u _____________________________ IT-565WEB-BC (1/25) Schedule G — Computation of Louisiana Net Income for Partnerships with Non-Corporate Partners See instructions if separate accounting method is used and check box. Totals Totals 24. Allocable income from all sources: 1A. Gross receipts 1B. Less returns and allowances 24A. Net rents and royalties from immovable or corporeal movable property 1C. Balance – Subtract Line 1B from Line 1A. 24B. Royalties from the use of patents, trademarks, etc. 2. Less: Cost of goods sold and/or operations 24C. Income from estates, trusts, and partnerships 3. Gross profit – Subtract Line 2 from Line 1C. 24D. Income from construction, repair, etc. 4. Ordinary income from other partnerships, estates, and trusts 24E. Interest Income 5. Net farm profit (loss) 24F. Dividend Income 6. Net gain (loss) from federal Form 4797, Part II, line 17 24G. Profit (loss) from the sale of capital assets 7. Other income (loss) – See instructions. 24H. Net profit (loss) from sales or exchanges of property not made in the regular course of business 8. Total income – Add Lines 3 through 7. 24I. Less allocable expenses 9. Salaries and wages 24J. Net allocable income from all sources 10. Guaranteed payments to partners 25. Net income subject to apportionment – Subtract Line 24J from Line 23. 11. Repairs and maintenance 26. Net income apportioned to Louisiana 12. Bad debts 27. Allocable income from Louisiana sources: 13. Rent 27A. Net rents and royalties from immovable or corporeal movable property 14. Taxes and licenses 27B. Royalties from the use of patents, trademarks, etc. 15. Interest 27C. Income from estates, trusts, and partnerships 16. Depreciation less depreciation reported elsewhere 27D. Income from construction, repair, etc. 17. Depletion (Do not deduct oil and gas depletion.) 27E. Interest Income 18. Retirement plans, etc. 27F. Dividend Income 19. Employee benefit programs 27G. Profit (loss) from the sale of capital assets 20. Energy efficient commercial buildings 27H. Net profit (loss) from sales or exchanges of property not made in the regular course of business 21. Other deductions – See instructions. 27I. Less allocable expenses 22. Total deductions – Add Lines 9 through 21. 27J. Net allocable income from Louisiana Sources 23. Net income from all sources – Subtract Line 22 from Line 8. 28. Louisiana net income – Add Lines 26 and 27J. 65806 Enter your LDR Account Number here. u _____________________________ IT-565WEB-BC (1/25) Schedule H — Reconciliation of Federal and Louisiana Net Income for Partnerships with Corporate Partners See Louisiana Revised Statute(s) 47:287.71, 47:287.73, and 47:287.82 for information. Column 2 1. Federal net income 2. Additions to federal net income: a. Total additions – Attach schedule. 3. Subtractions from federal net income: a. Bank dividends (See instructions.) b. All other dividends c. Interest d. Road Home – The amount included in federal income e. Expenses not deducted on the federal return due to Internal Revenue Code Section 280C f. Other subtractions – Attach schedule. g. Total subtractions – Add Lines 3a through 3f. 4. Louisiana net income from all sources – The amount should agree with Schedule J, Line 23. Schedule I — Computation of Apportionment Percentage for Partnerships with Corporate Partners Description of Items Used as Ratios 1. Total Amount 2. Louisiana Amount 3. Percent 1. Net sales of merchandise and/or charges for services A. Sales B. Charges for services C. Other gross apportionable income D. Total – Add the amounts in Columns 1 and 2. 2. For certain oil & gas businesses only- Enter total wages, salaries, and other personal service compensation paid during the year. See instructions. If ratio not used, check box. 3. For certain oil & gas businesses only– Income tax property ratio – Enter percentage from Schedule F, Line 24. See instructions. If ratio not used, check box. 4. ONLY corporations primarily in the oil and gas business, enter ratio from Line 1D, Column 3. If ratio not used, check box. 5. Total of percents in Column 3 6. Average of percents – Divide Line 5 by applicable number of ratios. 65807 Enter your LDR Account Number here. u _____________________________ IT-565WEB-BC (1/25) Schedule J — Computation of Louisiana Net Income of Partnerships with Corporate Partners See instructions if separate accounting method is used and check box. Totals Totals 21. Other deductions – See instructions. 22. Total deductions – Add Lines 9 through 21. 1C. Balance – Subtract Line 1B from Line 1A. 23. Net income from all sources – Subtract Line 22 from Line 8. 2. Less: Cost of goods sold and/or operations 24. Allocable income from all sources: 3. 4. Gross profit – Subtract Line 2 from Line 1C. Ordinary income from other partnerships, estates, and trusts 24A. Net rents and royalties from immovable or corporeal movable property 24B. Royalties from the use of patents, trademarks, etc. 5. Net farm profit (loss) 24C. Income from estates, trusts, and partnerships 6. Net gain (loss) from federal Form 4797, Part II, line 17 24D. Income from construction, repair, etc. 7. Other income (loss) – See instructions. 24E. Other allocable income 8. Total income – Add Lines 3 through 7. 24F. Less allocable expenses 9. Salaries and wages 24G. Net allocable income from all sources 1A. Gross receipts 1B. Less returns and allowances 10. Guaranteed payments to partners 25. 11. Repairs and maintenance 26. 12. Bad debts 13. Rent 14. Taxes and licenses 15. Interest 16. Depreciation less depreciation reported elsewhere Depletion (Do not deduct oil and gas depletion.) 27D. Income from construction, repair, etc. 18. Retirement plans, etc. 27F. Less allocable expenses 19. Employee benefit programs 27G. Net allocable income from Louisiana sources 17. 20. Energy efficient commercial buildings Net income subject to apportionment – Subtract Line 24G from Line 23. Net income apportioned to Louisiana 27. Allocable income from Louisiana sources: 27A. Net rents and royalties from immovable or corporeal movable property 27B. Royalties from the use of patents, trademarks, etc. 27C. Income from estates, trusts, and partnerships 27E. Other allocable income 28. Louisiana net income – Add Line 26 and Line 27G. 65808
Form IT-565
More about the Louisiana Form IT-565 Corporate Income Tax Tax Return TY 2024
We last updated the Partnership Return of Income and Form IT-565B Apportionment in March 2025, so this is the latest version of Form IT-565, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form IT-565 directly from TaxFormFinder. You can print other Louisiana tax forms here.
Other Louisiana Corporate Income Tax Forms:
TaxFormFinder has an additional 34 Louisiana income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| CIFT-620ES | Estimated Tax Voucher for Corporations |
| Form CIFT-620 | Corporation Income Tax and Franchise Tax Return |
| Form R-6922ES | Declaration of Estimated Tax for Composite Partnership |
| Form CIFT-401W | Unrelated Business Income Worksheet for IRC 401(a) and 501 Organizations |
| Form IT-541 | Fiduciary Income Tax Return |
View all 35 Louisiana Income Tax Forms
Form Sources:
Louisiana usually releases forms for the current tax year between January and April. We last updated Louisiana Form IT-565 from the Department of Revenue in March 2025.
Form IT-565 is a Louisiana Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
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 Louisiana Form IT-565
We have a total of fourteen past-year versions of Form IT-565 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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