U.S. Return of Partnership Income

• Changes To Note
• Photographs of Missing Children
• Unresolved Tax Issues
• How To Get Forms and Publications
  • Personal Computer
  • CD-ROM
  • By Phone and In Person
• General Instructions
  • Purpose of Form
  • Definitions
    • Partnership
    • Foreign Partnership
    • General Partner
    • General Partnership
    • Limited Partner
    • Limited Partnership
    • Limited Liability Partnership
    • Limited Liability Company
    • Nonrecourse Loans
  • Who Must File
    • Domestic Partnerships
    • Foreign Partnerships
  • Termination of the Partnership
  • Electronic Filing
    • To file electronically, partnerships must file:
    • For more details on electronic filing, see:
    • For more information on filing electronically:
    • Electronic Filing Waiver
  • When To File
    • Private Delivery Services
    • Extension
    • Period Covered
  • Who Must Sign
    • General Partner or LLC Member
    • Paid Preparers Information
    • Paid Preparer Authorization
  • Penalties
    • Late Filing of Return
    • Failure To Furnish Information Timely
    • Trust Fund Recovery Penalty
  • Accounting Methods
    • Mark-to-Market Accounting Method
  • Accounting Periods
  • Rounding Off to Whole Dollars
  • Recordkeeping
  • Amended Return
  • Other Forms, Returns, and Statements That May Be Required
  • Assembling the Return
  • Separately Stated Items
  • Elections Made by the Partnership
  • Elections Made by Each Partner
  • Partner
  • Contributions to the Partnership
  • Dispositions of Contributed Property
  • Recognition of Precontribution Gain on Certain Partnership Distributions
  • Unrealized Receivables and Inventory Items
  • Passive Activity Limitations
    • Activities That Are Not Passive Activities
    • Trade or Business Activities
    • Rental Activities
    • Portfolio Income
    • Grouping Activities
    • Recharacterization of Passive Income
    • Passive Activity Reporting Requirements
  • Extraterritorial Income Exclusion
• Specific Instructions
  • General Information
    • Name, Address, and Employer Identification Number
    • Items A and C
    • Item F - Total Assets
    • Item G
  • Income
    • Line 1a - Gross Receipts or Sales
    • Line 2 - Cost of Goods Sold
    • Line 4 - Ordinary Income (Loss) From Other Partnerships, Estates, and Trusts
    • Line 5 - Net Farm Profit (Loss)
    • Line 6 - Net Gain (Loss) From Form 4797
    • Line 7 - Other Income (Loss)
  • Deductions
    • Limitations on Deductions
    • Line 9 - Salaries and Wages
    • Line 10 - Guaranteed Payments to Partners
    • Line 11 - Repairs and Maintenance
    • Line 12 - Bad Debts
    • Line 13 - Rent
    • Line 14 - Taxes and Licenses
    • Line 15 - Interest
    • Line 16 - Depreciation
    • Line 17 - Depletion
    • Line 18 - Retirement Plans, etc.
    • Line 19 - Employee Benefit Programs
    • Line 20 - Other Deductions
      • Special Rules
  • Schedule A - Cost of Goods Sold
    • Cost of Goods Sold
    • Line 1 - Inventory at Beginning of Year
    • Line 2 - Purchases
    • Line 4 - Additional Section 263A Costs
    • Line 5 - Other Costs
    • Line 7 - Inventory at End of Year
    • Lines 9a through 9c - Inventory Valuation Methods
  • Schedule B - Other Information
    • Question 1
    • Question 3
    • Question 4 - Consolidated Audit Procedures
    • Question 6 - Foreign Partners
    • Question 7
    • Question 8
    • Question 9 - Foreign Accounts
    • Question 10
  • Designation of Tax Matters Partner (TMP)
  • Schedules K and K-1 - Partners Shares of Income, Credits, Deductions, etc.
    • Purpose of Schedules
    • Substitute Forms
    • How Income Is Shared Among Partners
  • Specific Instructions (Schedule K-1 Only)
    • General Information
    • Specific Items and Questions
      • Question A
      • Question B - What Type of Entity Is This Partner?
      • Question C - Domestic/Foreign Partner
      • Item D - Partners Profit, Loss, and Capital Sharing Percentages
      • Item F - Partners Share of Liabilities
      • Item G - Tax Shelter Registration Number
      • Item J - Analysis of Partners Capital Account
  • Specific Instructions (Schedules K and K-1, Except as Noted)
    • Special Allocations
    • Income (Loss)
      • Line 1 - Ordinary Income (Loss) From Trade or Business Activities
      • Line 2 - Net Income (Loss) From Rental Real Estate Activities
      • Line 3 - Net Income (Loss) From Other Rental Activities
      • Lines 4a Through 4f - Portfolio Income (Loss)
      • Line 5 - Guaranteed Payments to Partners
      • Line 6 - Net Section 1231 Gain (Loss) (Other Than Due to Casualty or Theft)
      • Line 7 - Other Income (Loss)
    • Deductions
      • Line 8 - Charitable Contributions
      • Line 9 - Section 179 Expense Deduction
      • Line 10 - Deductions Related to Portfolio Income
      • Line 11 - Other Deductions
    • Credits
      • Line 12a - Low-Income Housing Credit
      • Line 12b - Qualified Rehabilitation Expenditures Related to Rental Real Estate Activities
      • Line 12c - Credits (Other Than Credits Shown on Lines 12a and 12b) Related to Rental Real Estate Activities
      • Line 12d - Credits Related to Other Rental Activities
      • Line 13 - Other Credits
    • Investment Interest
      • Line 14a - Interest Expense on Investment Debts
      • Lines 14b(1) and 14b(2) - Investment Income and Expenses
    • Self-Employment
      • Worksheet Instructions
      • Line 15a - Net Earnings (Loss) From Self-Employment
      • Line 15b - Gross Farming or Fishing Income
      • Line 15c - Gross Nonfarm Income
    • Adjustments and Tax Preference Items
      • Line 16a - Depreciation Adjustment on Property Placed in Service After 1986
      • Line 16b - Adjusted Gain or Loss
      • Line 16c - Depletion (Other Than Oil and Gas)
      • Lines 16d(1) and 16d(2)
      • Line 16e - Other Adjustments and Tax Preference Items
    • Foreign Taxes
      • Line 17a - Name of Foreign Country or U.S. Possession
      • Line 17b - Gross Income From All Sources
      • Line 17c - Gross Income Sourced at Partner Level
      • Line 17d - Foreign Gross Income Sourced at Partnership Level
      • Line 17e - Deductions Allocated and Apportioned at Partner Level
      • Line 17f - Deductions Allocated and Apportioned at Partnership Level to Foreign Source Income
      • Line 17g - Total Foreign Taxes
      • Line 17h - Reduction in Taxes Available for Credit
    • Other
      • Lines 18a and 18b
      • Line 19 - Tax-Exempt Interest Income
      • Line 20 - Other Tax-Exempt Income
      • Line 21 - Nondeductible Expenses
      • Line 22 - Distributions of Money (Cash and Marketable Securities)
      • Line 23 - Distributions of Property Other Than Money
      • Line 24 (Schedule K Only)
      • Lines 24a and 24b (Schedule K-1 Only) - Recapture of Low-Income Housing Credit
      • Line 25 (Schedule K-1 Only) - Supplemental Information
  • Analysis of Net Income (Loss)
  • Schedule L - Balance Sheets per Books
    • Line 5 - Tax-Exempt Securities
    • Line 18 - All Nonrecourse Loans
  • Schedule M-1 - Reconciliation of Income (Loss) per Books With Income (Loss) per Return
    • Line 3 - Guaranteed Payments
    • Line 4b - Travel and Entertainment
  • Schedule M-2 - Analysis of Partners Capital Accounts
    • Line 2 - Capital Contributed During Year
    • Line 3 - Net Income (Loss) per Books
    • Line 6 - Distributions

A

• Accounting methods
• Accounting periods
• Adjustments for certain credits
• Allocation of partnership items:
• Allocation of partnership items:
• Alternative minimum tax:
• Analysis of partners capital account
• Assembling the Return
• Audits:
• Audits:

B

• Business start-up expenses

C

• Capital construction fund
• Capital construction fund
• Change of address
• Charitable contribution
• Codes:
• Contributions to the partnership
• Cost of Goods Sold
• Cost of goods sold
• Credits:
• Credits:
• Credits:
• Credits:
• Credits:
• Credits:
• Credits:

D

• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Deductions:
• Definitions
• Depletion:
• Depreciation:
• Dispositions of contributed property
• Distributions:
• Distributions:
• Distributions:

E

• Elections:
• Elections:
• Electronic filing
• Extension
• Extraterritorial income exclusion

F

• Foreign Trusts, transactions
• Foreign accounts
• Foreign partners, withholding
• Forms
• Forms

G

• Gain (loss), section 1231
• General partner
• General partnership

I

• Income, trade or business
• Indian employment credit
• Installment sales
• Interest on production expenditures
• Inventory valuation
• Investment interest expense

L

• Limited liability company
• Limited liability partnership
• Limited partner
• Limited partnership

N

• Nondeductible expenses
• Nonrecourse liabilities
• Nonrecourse loans

O

• Organization costs

P

• Passive activity limitations:
• Passive activity limitations:
• Passive activity limitations:
• Passive activity limitations:
• Passive activity limitations:
• Penalties
• Portfolio income
• Publicly traded partnerships
• Publicly traded partnerships
• Publicly traded partnerships
• Publicly traded partnerships
• Publicly traded partnerships

Q

• Qualified electric vehicle credit

R

• Real estate investment trust (REIT)
• Real estate investment trust (REIT)
• Recapture:
• Recapture:
• Recapture:
• Recapture:
• Recapture:
• Regulated investment company
• Regulated investment company
• Regulated investment company
• Regulated investment company
• Rental activities

S

• Sale of partnership interests
• Sale of small business stock:
• Schedule:
• Schedule:
• Schedule:
• Schedule:
• Schedule:
• Schedule:
• Section 179 expense deduction
• Section 59(e) expenditures
• Section 59(e) expenditures
• Section 59(e) expenditures
• Section 59(e) expenditures
• Section 59(e) expenditures
• Section 59(e) expenditures
• Self-employment
• Separately stated items
• Signature
• Special allocations
• Substitute forms
• Syndication costs

T

• Tax shelter:
• Tax shelter:
• Termination of partnership

U

• Uniform capitalization rules
• Unrecaptured section 1250 gain

W

• When to file
• Who must file

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