Table of Contents

• Partner's Instructions for Schedule K-1 (Form 1065) - Introductory Material
  • Changes To Note
• General Instructions
  • Purpose of Schedule K-1
  • Inconsistent Treatment of Items
  • Errors
  • Sale or Exchange of Partnership Interest
  • Nominee Reporting
  • International Boycotts
  • Definitions
    • General Partner
    • Limited Partner
    • Nonrecourse Loans
  • Elections
  • Additional Information
  • Limitations on Losses, Deductions, and Credits
    • Basis Rules
    • At-Risk Limitations
    • Passive Activity Limitations
• Specific Instructions
  • General Information and Questions
    • Item F
    • Item G
    • Item H
  • Lines 1 Through 25
  • 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
    • Lines 6a and 6b. 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 Investment Expenses
  • Self-Employment
    • 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
    • Lines 16d(1) and 16d(2). Gross Income From, and Deductions Allocable to, Oil, Gas, and Geothermal Properties
    • Line 16e. Other Adjustments and Tax Preference Items
  • Foreign Taxes
  • Other
    • Lines 18a and 18b. Section 59(e)(2) Expenditures
    • 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
    • Lines 24a and 24b. Recapture of Low-Income Housing Credit
  • Supplemental Information
    • Line 25