Schedule K-1 (Form 8865) 2019
Page 2
This list identifies the codes used on Schedule K-1 for partners and provides summarized reporting information for partners who file Form 1040 or 1040-SR.
For detailed reporting and filing information, see the Partner’s Instructions for Schedule K-1 (Form 1065) and the instructions for your income tax return.
1.
Ordinary business income (loss). Determine whether the income (loss) is
passive or nonpassive and enter on your return as follows:
Report on
Passive loss See Partner’s Instr. (Form 1065)
Passive income Schedule E, line 28, column (h)
Nonpassive loss See Partner’s Instr. (Form 1065)
Nonpassive income Schedule E, line 28, column (k)
2. Net rental real estate income (loss) See Partner’s Instr. (Form 1065)
3. Other net rental income (loss)
Net income Schedule E, line 28, column (h)
Net loss See Partner’s Instr. (Form 1065)
4a. Guaranteed payment services See Partner’s Instr. (Form 1065)
4b. Guaranteed payment capital See Partner’s Instr. (Form 1065)
4c. Guaranteed payment total See Partner’s Instr. (Form 1065)
5. Interest income Form 1040 or 1040-SR, line 2b
6a. Ordinary dividends Form 1040 or 1040-SR, line 3b
6b. Qualified dividends Form 1040 or 1040-SR, line 3a
6c. Dividend equivalents See Partner’s Instr. (Form 1065)
7. Royalties Schedule E, line 4
8. Net short-term capital gain (loss) Schedule D, line 5
9a. Net long-term capital gain (loss) Schedule D, line 12
9b.
Collectibles (28%) gain (loss)
28% Rate Gain Worksheet, line
4 (Schedule D instructions)
9c. Unrecaptured section 1250 gain See Partner’s Instr. (Form 1065)
10. Net section 1231 gain (loss) See Partner’s Instr. (Form 1065)
11. Other income (loss)
Code
A Other portfolio income (loss) See Partner’s Instr. (Form 1065)
B Involuntary conversions See Partner’s Instr. (Form 1065)
C Section 1256 contracts & straddles Form 6781, line 1
D Mining exploration costs recapture See Pub. 535
E
Cancellation of debt
Schedule 1 (Form 1040 or
1040-SR), line 8, or Form 982
G Other income (loss) See Partner’s Instr. (Form 1065)
See Partner’s Instr. (Form 1065)Section 743(b) positive adjustmentsF
12. Section 179 deduction See Partner’s Instr. (Form 1065)
13. Other deductions
A Cash contributions (60%)
B Cash contributions (30%)
C Noncash contributions (50%)
D Noncash contributions (30%)
E
Capital gain property to a 50%
organization (30%)
F Capital gain property (20%)
G Contributions (100%)
}
See Partner’s Instr. (Form 1065)
H Investment interest expense Form 4952, line 1
I Deductions—royalty income Schedule E, line 19
J Section 59(e)(2) expenditures See Partner’s Instr. (Form 1065)
K Excess business interest expense See Partner’s Instr. (Form 1065)
L
Deductions—portfolio (other)
Schedule A (Form 1040 or
1040-SR), line 16
M
Amounts paid for medical insurance
Schedule A (Form 1040 or
1040-SR), line 1, or Schedule 1
(Form 1040 or 1040-SR), line 16
N Educational assistance benefits See Partner’s Instr. (Form 1065)
O Dependent care benefits Form 2441, line 12
P Preproductive period expenses See Partner’s Instr. (Form 1065)
Q
Commercial revitalization deduction
from rental real estate activities See Form 8582 instructions
R Pensions and IRAs See Partner’s Instr. (Form 1065)
S Reforestation expense deduction See Partner’s Instr. (Form 1065)
T through U Reserved for future use
V Section 743(b) negative adjustments See Partner’s Instr. (Form 1065)
See Partner’s Instr. (Form 1065)Other deductionsW
14. Self-employment earnings (loss)
Note: If you have a section 179 deduction or any partner-level deductions, see the
Partner’s Instr. (Form 1065) before completing Schedule SE.
A
Net earnings (loss) from self-employment
Schedule SE, Section A or B
B Gross farming or fishing income See Partner’s Instr. (Form 1065)
C Gross non-farm income See Partner’s Instr. (Form 1065)
15. Credits
A
Low-income housing credit (section
42(j)(5)) from pre-2008 buildings
B
Low-income housing credit (other)
from pre-2008 buildings
C
Low-income housing credit (section
42(j)(5)) from post-2007 buildings
D
Low-income housing credit (other)
from post-2007 buildings
E
Qualified rehabilitation expenditures
(rental real estate)
F Other rental real estate credit
G Other rental credits
}
See Partner’s Instr. (Form 1065)
Code Report on
H
Undistributed capital gains credit
Schedule 3 (Form 1040 or
1040-SR), line 13, box a
I Biofuel producer credit
J Work opportunity credit
K Disabled access credit
L
Empowerment zone employment credit
M
Credit for increasing research activities
N
Credit for employer social security
and Medicare taxes
O Backup withholding
P Other credits
}
See Partner’s Instr. (Form 1065)
16. Foreign transactions
A Name of country or U.S. possession
B Gross income from all sources
C Gross income sourced at partner level
}
Form 1116, Part I
Foreign gross income sourced at partnership level
D Reserved for future use
E Foreign branch category
F Passive category
G General category
H Other
}
Form 1116, Part I
Deductions allocated and apportioned at partner level
I Interest expense Form 1116, Part I
J Other Form 1116, Part I
Deductions allocated and apportioned at partnership level to foreign source
income
K Reserved for future use
L Foreign branch category
M Passive category
N General category
O Other
}
Form 1116, Part I
Other information
P Total foreign taxes paid Form 1116, Part II
Q Total foreign taxes accrued Form 1116, Part II
R Reduction in taxes available for credit Form 1116, line 12
S Foreign trading gross receipts Form 8873
T Extraterritorial income exclusion
Form 8873
U Other foreign transactions See Partner’s Instr. (Form 1065)
17. Alternative minimum tax (AMT) items
A Post-1986 depreciation adjustment
B Adjusted gain or loss
C Depletion (other than oil & gas)
D Oil, gas, & geothermal—gross income
E Oil, gas, & geothermal—deductions
F Other AMT items
}
See Partner’s Instr. (Form 1065)
and the Instructions for
Form 6251
18. Tax-exempt income and nondeductible expenses
A Tax-exempt interest income Form 1040 or 1040-SR, line 2a
B Other tax-exempt income See Partner’s Instr. (Form 1065)
C Nondeductible expenses See Partner’s Instr. (Form 1065)
19. Distributions
A Cash and marketable securities
B
Distribution subject to section 737
C Other property
}
See Partner’s Instr. (Form 1065)
20. Other information
A Investment income Form 4952, line 4a
B Investment expenses Form 4952, line 5
C Fuel tax credit information Form 4136
D
Qualified rehabilitation expenditures
(other than rental real estate)
E Basis of energy property
F through G
}
See Partner’s Instr. (Form 1065)
H Recapture of investment credit See Form 4255
I Recapture of other credits See Partner’s Instr. (Form 1065)
J
Look-back interest—completed long-
term contracts See Form 8697
K
Look-back interest—income forecast method
See Form 8866
L
Dispositions of property with section
179 deductions
M Recapture of section 179 deduction
N
Interest expense for corporate partners
O Code O through Y
Z Section 199A information
AA Section 704(c) information
AB Section 751 gain (loss)
AC Section 1(h)(5) gain (loss)
AD
Deemed section 1250 unrecaptured
gain
AE Excess taxable income
AF Excess business interest income
AG Gross receipts for section 59A(e)
AH Other information
}
See Partner’s Instr. (Form 1065)
