Schedule K–1 (Form 1065) Partner's Share of Income, Credits, Deductions, etcetera 2003. Summary: This is an example of Schedule K–1 (Form 1065) 2003 with items included as described in the text. Additionally, these
line
items have been completed:
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“Partner's identifying number” field contains 123-00-6789
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“Partner's name, address, and ZIP code” field contains
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Frank W. Able
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10 Green Street
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Orange, Maryland 20904
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“Partnership's identifying number” field contains 10-9876543
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“Partnership's name, address, and ZIP code” field contains
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AbleBaker Book Store
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334 West Main Street
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Orange, Maryland 20904
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“A. This partner is a general partner” checkbox checked
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“B. What type of entity is this partner?” field contains individual
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“C. This partner is a domestic partner” checkbox checked
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“D. Enter partners' percentage of--(ii) End of year:”
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“Profit sharing” field contains 50%
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“Loss sharing” field contains 50%
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“Ownership of capital” field contains 50%
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“E. I.R.S. Center where partnership filed return” field contains Cincinnati
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“F. Partner's share of liabilities (see instructions):”
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“Other” field contains 10,900
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“G. Tax shelter registration number” field contains N/A
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“J. Analysis of partner's capital account:”
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“(a) Capital account at beginning of year” field contains 14,050
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“(c) Partner's share of lines 3, 4, and 7, Form 1065, Schedule M-2” field contains 24,460
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“(d) Withdrawals and distributions” field contains negative 26,440
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“(e) Capital account at end of year (combine columns (a) through (d))” field contains
12,070
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