*20000665*
PART III
Partner’s Share of Current Year Income, Deductions,
Credits, and Other Items
Owner’s Share of
Income, Deductions, Credits, etc.
SEE INSTRUCTIONS
Tax year beginning _________________, 2020 and ending _________________, 20_____
SCHEDULE
K-1
(Form 65)
•
6
QIP
•
6
Final K-1
•
6
Amended K-1
2020
Distributive share allocated and
apportioned to Alabama
G Ordinary income (loss)
•
H Net rental real estate income (loss)
•
I Guaranteed payments
•
J Portfolio income
•
•
6
QIP Exempt Income
K Net capital gain (loss)
•
L Other income (loss)
•
M Nonbusiness items
•
N Section 179 Deduction
•
•
6
Nondeductible
O Contributions
•
P Investment interest expense
•
Q Other deductions
•
R Oil and gas depletion
•
S Casualty losses
•
T Tax-exempt income
•
U Nondeductible expenses
•
V Distributions
•
W Investment income
•
X Investment expenses
•
Y Other items and amounts
•
Z Composite payment made on partner’s
behalf
•
•
6
NRC-Exempt
Distributive share to be reported by
Alabama Residents
G2 Ordinary income (loss)
•
H2 Net rental real estate income (loss)
•
I2 Guaranteed payments
•
J2 Portfolio income
•
K2 Net capital gain (loss)
•
L2 Other income (loss)
•
M2 Nonbusiness items
•
N2 Section 179 Deduction
•
•
6
Nondeductible
O2 Contributions
•
P2 Investment interest expense
•
Q2 Other deductions
•
R2 Oil and gas depletion
•
S2 Casualty losses
•
T2 Tax-exempt income
•
U2 Nondeductible expenses
•
V2 Distributions
•
W2 Investment income
•
X2 Investment expenses
•
Y2 Other items and amounts
•
ALABAMA DEPARTMENT OF REVENUE
INCOME TAX ADMINISTRATION DIVISION
ADOR
A Partnership’s Employer Identification Number
B Partnership’s name, address, city, state, and zip code
C Partner’s identifying number (Do not use TIN of a disregarded entity)
•
D Partner’s Name
•
Street
•
City State Zip
• • •
E 1. • 6 General partner or LLC • 6 Limited partner or other LLC
member manager member
2. What type of entity is this partner?
• •
6
Nominee
3. If this partner is a retirement plan (IRA/SEP/etc.) check here
•
6
4. Partner’s share of profit, loss, and capital:
Beginning Ending
• Profit % _____________ • Profit % _____________
• Loss % _____________ • Loss % _____________
• Capital % ___________ • Capital % ___________
5. Partner’s share of liabilities at year end:
Nonrecourse • $
Qualified nonrecourse financing • $
Recourse • $
6. Check if partner is a nonresident • 6
If a nonresident, provide state of legal residence •
7. Check if partner is a disregarded entity • 6
• Partner’s Name
• FEIN
8. Partner’s capital account analysis:
Beginning capital account • $
Capital contributed during the year • $
Current year increase (decrease) • $
Withdrawals and distributions • $ ( )
Ending capital account • $
F Credits from Schedule PC
Code Maximum Allowable
1. •
2. •
3. •
•
•
•
PART I Information About the Partnership
PART II Information About the Partner
