Form 8865 (2019)
Page 3
Schedule B Income Statement—Trade or Business Income
Caution: Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information.
Income
1 a Gross receipts or sales . . . . . . . . . . . . . . . 1a
b
Less returns and allowances . . . . . . . . . . . . .
1b 1c
2 Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . 3
4 Ordinary income (loss) from other partnerships, estates, and trusts (attach statement) . . . . 4
5 Net farm profit (loss) (attach Schedule F (Form 1040)) . . . . . . . . . . . . . . 5
6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . 6
7 Other income (loss) (attach statement) . . . . . . . . . . . . . . . . . . . 7
8 Total income (loss). Combine lines 3 through 7 . . . . . . . . . . . . . . . .
8
Deductions
(see instructions for limitations)
9 Salaries and wages (other than to partners) (less employment credits) . . . . . . . . . 9
10 Guaranteed payments to partners . . . . . . . . . . . . . . . . . . . . 10
11 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . 11
12 Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13 Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . 15
16 a Depreciation (if required, attach Form 4562) . . . . . . . . 16a
b Less depreciation reported elsewhere on return . . . . . . . 16b 16c
17 Depletion (Don’t deduct oil and gas depletion.) . . . . . . . . . . . . . . . . 17
18 Retirement plans, etc. . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . 19
20 Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . 20
21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20 . . .
21
22 Ordinary business income (loss) from trade or business activities. Subtract line 21 from line 8 .
22
Tax and Payment
23 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . 23
24 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . 24
25 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . 25
26 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . 26
27 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . 27
28 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . 28
29 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . 29
30 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . .
30
Schedule K Partners’ Distributive Share Items
Total amount
Income (Loss)
1 Ordinary business income (loss) (Schedule B, line 22) . . . . . . . . . . . . . . 1
2 Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . . . 2
3a Other gross rental income (loss) . . . . . . . . . . . 3a
b Expenses from other rental activities (attach statement) . . . . 3b
c Other net rental income (loss). Subtract line 3b from line 3a . . . . . . . . . . . . 3c
4
Guaranteed payments: a Services
4a
b Capital
4b
c Total. Add line 4a and line 4b . . . . . . . . . . . . . . . . . . . . . 4c
5 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Dividends and dividend equivalents: a Ordinary dividends . . . . . . . . . . . 6a
b Qualified dividends . . 6b
c Dividend equivalents . . 6c
7 Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Net short-term capital gain (loss) (attach Schedule D (Form 1065)) . . . . . . . . . . 8
9a Net long-term capital gain (loss) (attach Schedule D (Form 1065)) . . . . . . . . . . 9a
b Collectibles (28%) gain (loss) . . . . . . . . . . . . 9b
c Unrecaptured section 1250 gain (attach statement) . . . . . 9c
10 Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . . . 10
11 Other income (loss) (see instructions)
Type
▶
11
Deductions
12 Section 179 deduction (attach Form 4562) . . . . . . . . . . . . . . . . . 12
13a Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . 13a
b Investment interest expense . . . . . . . . . . . . . . . . . . . . . . 13b
c Section 59(e)(2) expenditures:
(1) Type
▶
(2) Amount
▶
13c(2)
d Other deductions (see instructions) Type
▶
13d
Form 8865 (2019)