Fillable Form 8865 Return of Persons With Respect to Certain Foreign Partnerships

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Form 8865 Return of Persons With Respect to Certain Foreign Partnerships

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Form 8865
Department of the Treasury
Internal Revenue Service
Return of U.S. Persons With Respect to
Certain Foreign Partnerships
▶
Attach to your tax return.
▶
Go to www.irs.gov/Form8865 for instructions and the latest information.
Information furnished for the foreign partnership’s tax year
beginning , 2019, and ending , 20
OMB No. 1545-1668
2019
Attachment
Sequence No.
118
Name of person filing this return Filer’s identification number
Filer’s address (if you aren’t filing this form with your tax return) A
Category of filer (see Categories of Filers in the instructions and check applicable box(es)):
1 2 3 4
B Filer’s tax year beginning , 20 , and ending , 20
C Filer’s share of liabilities: Nonrecourse $ Qualified nonrecourse financing $ Other $
D If filer is a member of a consolidated group but not the parent, enter the following information about the parent:
Name EIN
Address
E
Check if any excepted specified foreign financial assets are reported on this form. See instructions . . . . . . . . . . . .
F Information about certain other partners (see instructions)
(1) Name (2) Address (3) Identification number
(4) Check applicable box(es)
Category 1 Category 2
Constructive owner
G1
Name and address of foreign partnership 2(a) EIN (if any)
2(b) Reference ID number (see instructions)
3 Country under whose laws organized
4
Date of
organization
5 Principal place of
business
6 Principal business
activity code number
7 Principal business
activity
8a Functional currency 8b Exchange rate
(see instructions)
H Provide the following information for the foreign partnership’s tax year:
1
Name, address, and identification number of agent (if any) in the
United States
2 Check if the foreign partnership must file:
Form 1042 Form 8804 Form 1065
Service Center where Form 1065 is filed:
3 Name and address of foreign partnership’s agent in country of
organization, if any
4
Name and address of person(s) with custody of the books and records of the
foreign partnership, and the location of such books and records, if different
5
During the tax year, did the foreign partnership pay or accrue any interest or royalty for which the deduction is not
allowed under section 267A? See instructions . . . . . . . . . . . . . . . . . . . . .
▶
Yes No
If “Yes,” enter the total amount of the disallowed deductions . . . . . . . . . . . . . . . . .
▶
$
6 Is the partnership a section 721(c) partnership, as defined in Temporary Regulations section 1.721(c)-1T(b)(14)? . .
▶
Yes No
7 Were any special allocations made by the foreign partnership? . . . . . . . . . . . . . . . .
▶
Yes No
8
Enter the number of Forms 8858, Information Return of U.S. Persons With Respect to Foreign Disregarded Entities
(FDEs) and Foreign Branches (FBs), attached to this return. See instructions . . . . . . . . . . . .
▶
9
How is this partnership classified under the law of the country in which it’s organized? .
▶
10
a
Does the filer have an interest in the foreign partnership, or an interest indirectly through the foreign partnership, that’s a
separate unit under Reg. 1.1503(d)-1(b)(4) or part of a combined separate unit under Reg. 1.1503(d)-1(b)(4)(ii)? If “No,”
skip question 10b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
▶
Yes No
b
If “Yes,” does the separate unit or combined separate unit have a dual consolidated loss, as defined in Reg. 1.1503(d)-1
(b)(5)(ii)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
▶
Yes No
11 Does this partnership meet both of the following requirements?
1. The partnership’s total receipts for the tax year were less than $250,000.
2. The value of the partnership’s total assets at the end of the tax year was less than $1 million.
If “Yes,” don’t complete Schedules L, M-1, and M-2.
}
. . . . . .
▶
Yes No
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 25852A
Form 8865 (2019)
Form 8865 (2019)
Page 2
12
a
Is the filer of this Form 8865 claiming a foreign-derived intangible income deduction (under section 250) with respect to
any amounts listed on Schedule N?
. . . . . . . . . . . . . . . . . . . . . . . .
▶
Yes No
b
If “Yes,” enter the amount of gross income derived from sales, leases, exchanges, or other dispositions (but not licenses)
from transactions with or by the foreign partnership that the filer included in its computation of foreign-derived deduction
eligible income (FDDEI) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
▶
c
If “Yes,” enter the amount of gross income derived from a license of property to or by the foreign partnership that the
filer included in its computation of FDDEI . . . . . . . . . . . . . . . . . . . . . . .
▶
d
If “Yes,” enter the amount of gross income derived from services provided to or by the foreign partnership that the filer
included in its computation of FDDEI . . . . . . . . . . . . . . . . . . . . . . . .
▶
13
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 . . . . . . . . . . . . . . . .
▶
14 At any time during the tax year were any transfers between the partnership and its partners subject to the disclosure
requirements of Regulations section 1.707-8?. . . . . . . . . . . . . . . . . . . . . .
▶
Yes No
15a Were there any transfers of property or money within a 2-year period between the partnership and any of its partners
that would require disclosure under Regs. 1.703-3 or 1.707-6? If “Yes,” attach a statement identifying the transfers, the
amount or value of each transfer, and an explanation of the tax treatment. See instructions for exceptions . . . .
▶
Yes No
b
Did the partnership assume a liability or receive property subject to a liability where such liability was incurred by a partner within
a 2-year period of transferring the property to the partnership? If “Yes,” attach a statement identifying the property transferred,
the amount or value of each transfer, the debt assumed or taken by the partnership, and an explanation of the tax treatment
▶
Yes No
Sign Here Only
if You’re Filing
This Form
Separately and
Not With Your
Tax Return.
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
and belief, it is true, correct, and complete. Declaration of preparer (other than general partner or limited liability company member) is based on all
information of which preparer has any knowledge.
▲
Signature of general partner or limited liability company member
▲
Date
Paid
Preparer
Use Only
Print/Type preparer’s name Preparer’s signature Date
Check if
self-employed
PTIN
Firm’s name
▶
Firm’s address
▶
Firm’s EIN
▶
Phone no.
Schedule A
Constructive Ownership of Partnership Interest. Check the boxes that apply to the filer. If you check
box b, enter the name, address, and U.S. taxpayer identification number (if any) of the person(s) whose
interest you constructively own. See instructions.
a Owns a direct interest b Owns a constructive interest
Name Address
Identification number (if any)
Check if
foreign
person
Check if
direct
partner
Schedule A-1 Certain Partners of Foreign Partnership (see instructions)
Name Address
Identification number (if any)
Check if
foreign
person
Schedule A-2 Foreign Partners of Section 721(c) Partnership (see instructions)
Name of foreign
partner
Address
Country of
organization
(if any)
U.S. taxpayer
identification number
(if any)
Check if related to
U.S. transferor
Percentage interest
Capital
Profits
% %
% %
Does the partnership have any other foreign person as a direct partner? . . . . . . . . . . . . . .
Yes No
Schedule A-3
Affiliation Schedule. List all partnerships (foreign or domestic) in which the foreign partnership owns a
direct interest or indirectly owns a 10% interest.
Name Address
EIN
(if any)
Total ordinary
income or loss
Check if
foreign
partnership
Form 8865 (2019)
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)
Form 8865 (2019)
Page 4
Schedule K Partners’ Distributive Share Items (continued)
Total amount
Self-
Employ-
ment
14a Net earnings (loss) from self-employment . . . . . . . . . . . . . . . . . . 14a
b Gross farming or fishing income . . . . . . . . . . . . . . . . . . . .
14b
c Gross nonfarm income . . . . . . . . . . . . . . . . . . . . . . . 14c
Credits
15a Low-income housing credit (section 42(j)(5)) . . . . . . . . . . . . . . . . .
15a
b Low-income housing credit (other) . . . . . . . . . . . . . . . . . . . .
15b
c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) . . . . . . .
15c
d Other rental real estate credits (see instructions)
Type
▶
15d
e Other rental credits (see instructions)
Type
▶
15e
f Other credits (see instructions) Type
▶
15f
Foreign Transactions
16a
Name of country or U.S. possession
▶
b Gross income from all sources . . . . . . . . . . . . . . . . . . . . .
16b
c Gross income sourced at partner level . . . . . . . . . . . . . . . . . .
16c
Foreign gross income sourced at partnership level
d
Reserved for future use
▶
e Foreign branch category . . . . .
▶
16e
f
Passive category
▶
g General category
▶
h
Other (attach statement)
▶
16h
Deductions allocated and apportioned at partner level
i
Interest expense
▶
j Other . . . . . . . . . . .
▶
16j
Deductions allocated and apportioned at partnership level to foreign source income
k
Reserved for future use
▶
l Foreign branch category . . . . .
▶
16l
m
Passive category
▶
n General category
▶
o
Other (attach statement)
▶
16o
p Total foreign taxes (check one):
▶
Paid Accrued . . . . . . . . . . . . 16p
q Reduction in taxes available for credit (attach statement) . . . . . . . . . . . . . 16q
r Other foreign tax information (attach statement)
Alternative
Minimum Tax
(AMT) Items
17a Post-1986 depreciation adjustment . . . . . . . . . . . . . . . . . . . 17a
b Adjusted gain or loss . . . . . . . . . . . . . . . . . . . . . . . . 17b
c Depletion (other than oil and gas) . . . . . . . . . . . . . . . . . . . . 17c
d Oil, gas, and geothermal properties—gross income . . . . . . . . . . . . . . 17d
e Oil, gas, and geothermal properties—deductions . . . . . . . . . . . . . . . 17e
f Other AMT items (attach statement) . . . . . . . . . . . . . . . . . . . 17f
Other Information
18a Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . 18a
b Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . 18b
c Nondeductible expenses . . . . . . . . . . . . . . . . . . . . . . . 18c
19a Distributions of cash and marketable securities . . . . . . . . . . . . . . . . 19a
b Distributions of other property . . . . . . . . . . . . . . . . . . . . . 19b
20a Investment income . . . . . . . . . . . . . . . . . . . . . . . . 20a
b Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . 20b
c Other items and amounts (attach statement)
Schedule L Balance Sheets per Books. (Not required if Item H11, page 1, is answered “Yes.”)
Beginning of tax year End of tax year
Assets
(a) (b) (c) (d)
1 Cash . . . . . . . . . . . . .
2a Trade notes and accounts receivable . . .
b Less allowance for bad debts . . . . . .
3 Inventories . . . . . . . . . . .
4 U.S. government obligations . . . . . .
5 Tax-exempt securities . . . . . . . .
6 Other current assets (attach statement) . . .
7a
Loans to partners (or persons related to partners)
b Mortgage and real estate loans . . . . .
8 Other investments (attach statement) . . .
9a Buildings and other depreciable assets . . .
b Less accumulated depreciation . . . . .
10a Depletable assets . . . . . . . . .
b Less accumulated depletion . . . . . .
11 Land (net of any amortization) . . . . . .
12a Intangible assets (amortizable only) . . . .
b Less accumulated amortization . . . . .
Form 8865 (2019)
Form 8865 (2019)
Page 5
Schedule L Balance Sheets per Books. (Not required if Item H11, page 1, is answered “Yes.”) (continued)
Beginning of tax year End of tax year
(a) (b) (c) (d)
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)
b
Mortgages, notes, bonds payable in 1 year or more
20 Other liabilities (attach statement) . . . .
21 Partners’ capital accounts . . . . . .
22 Total liabilities and capital . . . . . .
Schedule M Balance Sheets for Interest Allocation
(a)
Beginning of
tax year
(b)
End of
tax year
1 Total U.S. assets . . . . . . . . . . . . . . . . .
2 Total foreign assets:
a Passive category . . . . . . . . . . . . . . . . .
b General category . . . . . . . . . . . . . . . . .
c Other (attach statement) . . . . . . . . . . . . . . .
Schedule M-1
Reconciliation of Income (Loss) per Books With Income (Loss) per Return. (Not required if Item
H11, page 1, is answered “Yes.”)
1 Net income (loss) per books .
2
Income included on Schedule K,
lines 1, 2, 3c, 5, 6a, 7, 8, 9a, 10,
and 11 not recorded on books
this tax year (itemize):
$
3
Guaranteed payments (other
than health insurance) . . .
4
Expenses recorded on books
this tax year not included on
Schedule K, lines 1 through
13d, and 16p (itemize):
a
Depreciation $
b
Travel and entertainment $
5 Add lines 1 through 4 . . .
6
Income recorded on books this
tax year not included on
Schedule K, lines 1 through 11
(itemize):
a
Tax-exempt interest $
7
Deductions included on Schedule
K, lines 1 through 13d, and 16p not
charged against book income this
tax year (itemize):
a
Depreciation $
8 Add lines 6 and 7 . . . . .
9
Income (loss). Subtract line 8
from line 5 . . . . . . .
Schedule M-2 Analysis of Partners’ Capital Accounts. (Not required if Item H11, page 1, is answered “Yes.”)
1 Balance at beginning of tax year
2 Capital contributed:
a Cash . . .
b Property . .
3 Net income (loss) per books .
4
Other increases (itemize): $
5 Add lines 1 through 4 . . .
6 Distributions: a Cash . . .
b Property . .
7
Other decreases (itemize): $
8 Add lines 6 and 7 . . . . .
9
Balance at end of tax year.
Subtract line 8 from line 5 . .
Form 8865 (2019)
Form 8865 (2019)
Page 6
Schedule N Transactions Between Controlled Foreign Partnership and Partners or Other Related Entities
Important: Complete a separate Form 8865 and Schedule N for each controlled foreign partnership. Enter the totals for each type of
transaction that occurred between the foreign partnership and the persons listed in columns (a) through (d).
Transactions
of
foreign partnership
(a) U.S. person
filing this return
(b) Any domestic
corporation or partnership
controlling or controlled
by the U.S. person filing
this return
(c) Any other foreign
corporation or partnership
controlling or controlled
by the U.S. person filing
this return
(d) Any U.S. person with a
10% or more direct interest
in the controlled foreign
partnership (other than the
U.S. person filing this return)
1 Sales of inventory . . . .
2
Sales of property rights
(patents, trademarks, etc.) .
3
Compensation received for
technical, managerial,
engineering, construction, or
like services . . . . . . .
4 Commissions received . .
5
Rents, royalties, and license
fees received . . . . .
6 Distributions received . . .
7 Interest received . . . .
8 Other . . . . . . . .
9 Add lines 1 through 8 . . .
10 Purchases of inventory . .
11
Purchases of tangible property
other than inventory . . .
12
Purchases of property rights
(patents, trademarks, etc.) .
13
Compensation paid for
technical, managerial,
engineering, construction, or
like services . . . . . .
14 Commissions paid . . . .
15
Rents, royalties, and license
fees paid . . . . . . .
16 Distributions paid . . . .
17 Interest paid . . . . . .
18 Other . . . . . . . .
19 Add lines 10 through 18 . .
20
Amounts borrowed (enter the
maximum loan balance
during the tax year). See
instructions . . . . . .
21
Amounts loaned (enter the
maximum loan balance
during the tax year). See
instructions . . . . . .
Form 8865 (2019)
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Form 8865 Return of Persons With Respect to Certain Foreign Partnerships

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Completed 26 February 2020

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