1065 Form

1065 form

Step 1 of 2

- Email*
- General Information
- Tax Year
- Name of partnership
- Address
- Number, street, and room or suite no. If a P.O. box, see instructions
- City or town, state or province, country, and ZIP or foreign postal code
- A. Principal Business Activity
- B. Principal product or service
- C. Business Code Number
- D. Employer Identification Number (EIN)
- E. Date business started
  MM slash DD slash YYYY
- F. Total Assets
- G. Check applicable boxes:
  - 1. Initial Return
  - 2. Final Return
  - 3. Name Change
  - 4. Address Change
  - 5. Amended Return
- H. Check accounting method
  - 1. Cash
  - 2. Accrual
  - 3. Other:
- Specify Other Accounting Method:
- I. Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year:
- J. Check if Schedules C and M-3 are attached:
  - J. Check if Schedules C and M-3 are attached:
- K. Check if partnership:
  - 1. Aggregated activities for section 465 at-risk purposes
  - 2. Grouped activities for section 469 passive activity purpose
- Main Form
  Caution: Include only trade or business income and expenses on lines 1a through 22 below. Kindly refer to the IRS instructions for 1065 form for more information
- Income
- 1a. Gross receipts or sales
- 1b. Returns and allowances
- 2. Cost of goods sold (attach Form 1125-A)
- 4. Ordinary income (loss) from other partnerships, estates, and trusts (attach statement)
- 5. Net farm profit (loss) (attach Schedule F (Form 1040)
- 6. Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797)
- 7. Other income (loss) (attach statement) $
- Deductions
- 9. Salaries and wages (other than to partners) (less employment credits)
- 10. Guaranteed Payments to Partners
- 11. Repairs and Maintenance
- 12. Bad Debts
- 13. Rent
- 14. Taxes and Licenses
- 15. Interest
- 16a. Depreciation (if required, attach Form 4562)
- 16b. Less depreciation reported on Form 1125-A and elsewhere on return
- 17. Depletion (Do not deduct oil and gas depletion.)
- 18. Retirement plans, etc
- 19. Employee Benefit Programs
- 20. Other Deductions
- Tax and Payment
- 23. Interest due under the look-back method—completed long-term contracts (attach Form 8697)
- 24. Interest due under the look-back method—income forecast method (attach Form 8866)
- 25. BBA AAR imputed underpayment (see instructions)
- 26. Other taxes
- Total balance due
- 28. Payment
- 29. Amount owed
- 30. Overpayment
- Sign here
- Date
  MM slash DD slash YYYY
- Print your full name here
- May the IRS discuss this return with the preparer mentioned below?
  - Yes
  - No
- Are you a paid preparer?
  - Yes
  - No
- Preparer's Full Name
- Date
  MM slash DD slash YYYY
- PTIN
- Check if self-employed
  - Check if self-employed
- Firm’s name (or yours if self-employed)
- Firm’s address
- Firm's EIN
- Firm’s Phone Number
- Do you want to fill-up Schedule B - Other Information?
  - Yes
  - No
- Schedule B
- 1. What type of entity is filing this return? Check the applicable box:
  - a. Domestic General Partnership
  - b. Domestic limited partnership
  - c. Domestic limited liability company
  - d. Domestic limited liability partnership
  - e. Foreign partnership
  - f. Other
- Enter other type of entity:
- 2a. At the end of the tax year, did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax exempt organization, or any foreign government own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership?
  - Yes
  - No
- 2b. At the end of the tax year, did any individual or estate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership?
  - Yes
  - No
- 3a. At the end of the tax year, did the partnership, own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of any foreign or domestic corporation?
  - Yes
  - No
- Hidden
  3a
- Total number of foreign or domestic corporation
- Hidden
- (i) Name of Corporation
- (ii) Employer Identification Number (if any)
- (iii) Country of Incorporation
- (iv) Percentage Owned in Voting Stock
- (i) Name of Corporation
- (ii) Employer Identification Number (if any)
- (iii) Country of Incorporation
- (iv) Percentage Owned in Voting Stock
- (i) Name of Corporation
- (ii) Employer Identification Number (if any)
- (iii) Country of Incorporation
- (iv) Percentage Owned in Voting Stock
- (i) Name of Corporation
- (ii) Employer Identification Number (if any)
- (iii) Country of Incorporation
- (iv) Percentage Owned in Voting Stock
- (i) Name of Corporation
- (ii) Employer Identification Number (if any)
- (iii) Country of Incorporation
- (iv) Percentage Owned in Voting Stock
- Hidden
  3a End
- 3b. At the end of the tax year, did the partnership, own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust?
  - Yes
  - No
- Hidden
  3b
- Total rules of constructive
- Hidden
  b1
- (i) Name of Entity
- (ii) Employer Identification Number (if any)
- (iii) Type of Entity
- (iv) Country of Organization
- (v) Maximum Percentage Owned in Profit, Loss, or Capital
- (i) Name of Entity
- (ii) Employer Identification Number (if any)
- (iii) Type of Entity
- (iv) Country of Organization
- (v) Maximum Percentage Owned in Profit, Loss, or Capital
- (i) Name of Entity
- (ii) Employer Identification Number (if any)
- (iii) Type of Entity
- (iv) Country of Organization
- (v) Maximum Percentage Owned in Profit, Loss, or Capital
- (i) Name of Entity
- (ii) Employer Identification Number (if any)
- (iii) Type of Entity
- (iv) Country of Organization
- (v) Maximum Percentage Owned in Profit, Loss, or Capital
- (i) Name of Entity
- (ii) Employer Identification Number (if any)
- (iii) Type of Entity
- (iv) Country of Organization
- (v) Maximum Percentage Owned in Profit, Loss, or Capital
- Hidden
  3b End
- Hidden
  schedule B
- 4. Does the partnership satisfy all four of the following conditions below?
  - Yes
  - No
  . The partnership’s total receipts for the tax year were less than $250,000 . The partnership’s total assets at the end of the tax year were less than $1 million . Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including extensions) for the partnership return. .The partnership is not filing and is not required to file Schedule M-3 .
- 5. Is this partnership a publicly traded partnership, as defined in section 469(k)(2) ?
  - Yes
  - No
- 6. During the tax year, did the partnership have any debt that was canceled, was forgiven, or had the terms modified so as to reduce the principal amount of the debt?
  - Yes
  - No
- 7. Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide information on any reportable transaction ?
  - Yes
  - No
- 8. At any time during calendar year 2022, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)? See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
  - Yes
  - No
- Enter the name of the foreign country:
- 9. At any time during the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a foreign trust?
  - Yes
  - No
- 10a. Is the partnership making, or had it previously made (and not revoked), a section 754 election?
  - Yes
  - No
- 10b. Did the partnership make for this tax year an optional basis adjustment under section 743(b) or 734(b)?
  - Yes
  - No
- 10c. Is the partnership required to adjust the basis of partnership assets under section 743(b) or 734(b) because of a substantial built-in loss (as defined under section 743(d)) or substantial basis reduction (as defined under section 734(d))?
  - Yes
  - No
- B - 11
  - 11. Check this box if, during the current or prior tax year, the partnership distributed any property received in a like-kind exchange or contributed such property to another entity (other than disregarded entities wholly owned by the partnership throughout the tax year)
- 12. At any time during the tax year, did the partnership distribute to any partner a tenancy-in-common or other undivided interest in partnership property?
  - Yes
  - No
- 13. If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect to Foreign Disregarded Entities (FDEs) and Foreign Branches (FBs)
  - Yes
  - No
- Enter the number of 8858 forms attached:
- 14. Does the partnership have any foreign partners?
  - Yes
  - No
- Enter the number of Forms 8805, Foreign Partner’s Information Statement of Section 1446 Withholding Tax, filed for this partnership
- 15. Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return
- 16a. Did you make any payments in 2022 that would require you to file Form(s) 1099 ?
  - Yes
  - No
- 16b. Did you or will you file required Form(s) 1099?
  - Yes
  - No
- 17. Enter the number of Forms 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations, attached to this return
- 18. Enter the number of partners that are foreign governments under section 892
- 19. During the partnership’s tax year, did the partnership make any payments that would require it to file Forms 1042 and 1042-S under chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474)?
  - Yes
  - No
- 20. Was the partnership a specified domestic entity required to file Form 8938 for the tax year?
  - Yes
  - No
- 21. Is the partnership a section 721(c) partnership, as defined in Regulations section 1.721(c)-1(b)(14) ?
  - Yes
  - No
- 22. During the tax year, did the partnership pay or accrue any interest or royalty for which one or more partners are not allowed a deduction under section 267A?
  - Yes
  - No
- Enter the total amount of the disallowed deductions
- 23. Did the partnership have an election under section 163(j) for any real property trade or business or any farming business in effect during the tax year?
  - Yes
  - No
- 24. Does the partnership satisfy one or more of the following: (check all that apply)
  - a. The partnership owns a pass-through entity with current, or prior year carryover, excess business interest expense.
  - b. The partnership’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years preceding the current tax year are more than $27 million and the partnership has business interest expense.
  - c. The partnership is a tax shelter (see instructions) and the partnership has business interest expense.
- 25. Is the partnership attaching Form 8996 to certify as a Qualified Opportunity Fund?
  - Yes
  - No
- Enter the amount from Form 8996, Line 15
- 26. Enter the number of foreign partners subject to section 864(c)(8) as a result of transferring all or a portion of an interest in the partnership or of receiving a distribution from the partnership
- 27. At any time during the tax year, were there any transfers between the partnership and its partners subject to the disclosure requirements of Regulations section 1.707-8?
  - Yes
  - No
- 28. Since December 22, 2017, did a foreign corporation directly or indirectly acquire substantially all of the properties constituting a trade or business of your partnership, and was the ownership percentage (by vote or value) for purposes of section 7874 greater than 50% (for example, the partners held more than 50% of the stock of the foreign corporation)?
  - Yes
  - No
- Enter the list of ownership percentage, by vote:
- Enter the list of ownership percentage, by value:
- 30. Is the partnership electing out of the centralized partnership audit regime under section 6221(b)?
  - Yes
  - No
- Enter the total from Schedule B-2, Part III, line 3
- Designation of Partnership Representative
- Name of PR
- US Address of PR
- U.S. Phone number of PR
- U.S. address of designated individual
- U.S. phone number of designated individual
- Hidden
- Do you want to fill-up Schedule K - Partners' Distributive Items?
  - Yes
  - No
- Schedule K - Partners' Distributive Share Items
- 1. Ordinary business income (loss) (page 1, line 22)
- 2. Net rental real estate income (loss) (attach Form 8825)
- 3a. Other gross rental income (loss)
- 3b. Expenses from other rental activities (attach statement)
- 4a. Guaranteed Payments - Services
- 4b. Guaranteed Payments - Capital
- 5. Interest income
- 6a. Ordinary Dividends
- 6b. Qualified Dividends
- 6c. Dividend equivalents
- 7. Royalties
- 8. Net short-term capital gain (loss) (attach Schedule D (Form 1065))
- 9a. Net long-term capital gain (loss) (attach Schedule D (Form 1065))
- 9b. Collectibles (28%) gain (loss)
- 9c. Unrecaptured section 1250 gain (attach statement)
- 10. Net section 1231 gain (loss) (attach Form 4797)
- 11. Other income (loss)
- 11. Type of other income
- 12. Section 179 deduction (attach Form 4562)
- 13a. Contributions
- 13b. Investment interest expense
- 13c. Amount of Section 59(e)(2) expenditures:
- 13c. Type of Section 59(e)(2) expenditures
- 13d. Amount of Other deductions (see instructions)
- 13d. Type of Other Deductions
- 14a. Net earnings (loss) from self-employment
- 14b. Gross farming or fishing income
- 14c. Gross non-farm income
- 15a. Low-income housing credit (section 42(j)(5))
- 15b. Low-income housing credit (other)
- 15c. Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable)
- 15d. Amount of Other rental real estate credits (see instructions)
- 15d. Type of Other rental real estate credits
- 15e. Amount of Other rental credits
- 15e. Type of Other rental real credits
- 15f. Amount of Other credits
- 15f. Type of Other credits
- - 16. 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
- 17a. Post-1986 depreciation adjustment
- 17b. Adjusted gain or loss
- 17c. Depletion (other than oil and gas)
- 17d. Oil, gas, and geothermal properties—gross income
- 17e. Oil, gas, and geothermal properties—deductions
- 17f. Other AMT items (attach statement)
- 18a. Tax-exempt interest income
- 18b. Tax-exempt interest income
- 18c. Nondeductible expenses
- 19a. Distributions of cash and marketable securities
- 19b. Distributions of other property
- 20a. Investment income
- 20b. Investment expenses
  For Line20c, Other items and amounts. Insert an attachment to report the amount.
- 21. Total foreign taxes paid or accrued
- Hidden
- General partners
- (i) Corporate
- (ii) Individual (active)
- (iii) Individual (passive)
- (iv) Partnership
- (v) Exempt Organization
- (vi) Nominee/Other
- Limited partners
- (i) Corporate
- (ii) Individual (active)
- (iii) Individual (passive)
- (iv) Partnership
- (v) Exempt Organization
- (vi) Nominee/Other
- Hidden
  Section Break
- Do you want to fill-up Schedule L - Balance Sheets per Books?
  - Yes
  - No
- Schedule L - Balance Sheets per Books
- Assets
- 1. Cash
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 2a. Trade Notes
- Amount - Beginning of Tax Year (a)
- Amount - End of Tax Year (c)
- 2b. Less allowance for bad debts
- Amount - Beginning of Tax Year (a)
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (c)
- Amount - End of Tax Year (d)
- 3. Inventories
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 4. US Government Obligations
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 5. Tax-exempt securities
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 6. Other current assets (attach statement)
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 7a. Loans to partners (or persons related to partners)
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 7b. Mortgage and real estate loans
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 8. Other investments (attach statement)
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 9a. Buildings and other depreciable assets
- Amount - Beginning of Tax Year (a)
- Amount - End of Tax Year (c)
- 9b. Less accumulated depreciation
- Amount - Beginning of Tax Year (a)
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (c)
- Amount - End of Tax Year (d)
- 10a. Depletable Assets
- Amount - Beginning of Tax Year (a)
- Amount - End of Tax Year (c)
- 10b. Less accumulated depletion
- Amount - Beginning of Tax Year (a)
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (c)
- Amount - End of Tax Year (d)
- 11. Land (net of any amortization)
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 12a. Intangible assets (amortizable only)
- Amount - Beginning of Tax Year (a)
- Amount - End of Tax Year (c)
- 12b. Less accumulated amortization
- Amount - Beginning of Tax Year (a)
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (c)
- Amount - End of Tax Year (d)
- 13. Other assets (attach statement)
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 14. Total assets
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- Liabilities and Capital
- 15. Accounts payable
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 16. Mortgages, notes, bonds payable in less than 1 year
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 17. Other current liabilities (attach statement)
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 18. All nonrecourse loans
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 19a. Loans from partners (or persons related to partners)
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 19b. Mortgages, notes, bonds payable in 1 year or more
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 20. Other liabilities (attach statement)
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 21. Partners’ capital accounts
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- 22. Total liabilities and capital
- Amount - Beginning of Tax Year (b)
- Amount - End of Tax Year (d)
- Hidden
  Section Break
- Do you want to fill-up Schedule M-1 - Reconciliation of Income (Loss) per Books With Analysis of Net Income (Loss) per Return?
  - Yes
  - No
- Schedule M-1 - Reconciliation of Income (Loss) per Books With Analysis of Net Income (Loss) per Return
- 1. Net income (loss) per books
- 2. Amount of Income included on Schedule K, lines 1, 2, 3c, 5, 6a, 7, 8, 9a, 10, and 11, not recorded on books this year (itemize):
- 2. Describe the income included on line 2 above
- 3. Guaranteed payments (other than health insurance)
- 4a. Depreciation - Expenses recorded on books this year not included on Schedule K, lines 1 through 13d, and 21
- Describe the expenses indicated in line 4a
- 4b. Travel and Entertainment - Expenses recorded on books this year not included on Schedule K, lines 1 through 13d, and 21
- Describe the expenses indicated in line 4b
- 6. Amount of Tax-Exempt Interest - Income recorded on books this year not included on Schedule K, lines 1 through 11
- Description of Tax-Exempt Interest in Line 6
- 7. Amount of Tax- Depreciation - Deductions included on Schedule K, lines 1 through 13d, and 21, not charged against book income this year (itemize):
- Description of Tax- Depreciation on Line 7
- Hidden
  Section Break
- Do you want to fill-up Schedule M-2 - Analysis of Partners’ Capital Accounts
  - Yes
  - No
- Schedule M-2 - Analysis of Partners’ Capital Accounts
- 1. Balance at beginning of year
- 2a. Capital Contributed - Cash
- 2b. Capital Contributed - Property
- 3. Net Income (Loss)
- 4. Amount of Other increases
- Description of Other Increases on Line 4
- 6a. Distributions - Cash
- 6b. Distributions - Property
- 7. Amount of Other decreases
- Description of Other Decreases on Line 7
- Hidden
  Section Break
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1065 Form

1065 form

Step 1 of 2

General Information

Address

Main Form

Income

Deductions

Tax and Payment

Sign here

Schedule B

3a

3a End

3b

b1

3b End

schedule B

Designation of Partnership Representative

Schedule K - Partners' Distributive Share Items

General partners

Limited partners

Section Break

Schedule L - Balance Sheets per Books

Assets

1. Cash

2a. Trade Notes

2b. Less allowance for bad debts

3. Inventories

4. US Government Obligations

5. Tax-exempt securities

6. Other current assets (attach statement)

7a. Loans to partners (or persons related to partners)

7b. Mortgage and real estate loans

8. Other investments (attach statement)

9a. Buildings and other depreciable assets

9b. Less accumulated depreciation

10a. Depletable Assets

10b. Less accumulated depletion

11. Land (net of any amortization)

12a. Intangible assets (amortizable only)

12b. Less accumulated amortization

13. Other assets (attach statement)

14. Total assets

Liabilities and Capital

15. Accounts payable

16. Mortgages, notes, bonds payable in less than 1 year

17. Other current liabilities (attach statement)

18. All nonrecourse loans

19a. Loans from partners (or persons related to partners)

19b. Mortgages, notes, bonds payable in 1 year or more

20. Other liabilities (attach statement)

21. Partners’ capital accounts

22. Total liabilities and capital

Section Break

Schedule M-1 - Reconciliation of Income (Loss) per Books With Analysis of Net Income (Loss) per Return

Section Break

Schedule M-2 - Analysis of Partners’ Capital Accounts

Section Break