Schedule K-1 (Form 8865) 2018
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. 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)
4. Guaranteed payments Schedule E, line 28, column (k)
5. Interest income
Form 1040, line 2b
6a. Ordinary dividends Form 1040, line 3b
6b. Qualified dividends Form 1040, line 3a
6c. Dividend equivalents See the 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 Sec. 1256 contracts & straddles Form 6781, line 1
D Mining exploration costs recapture See Pub. 535
E Cancellation of debt
Schedule 1 (Form 1040), line 21, or
Form 982
F Other income (loss) See Partner’s Instr. (Form 1065)
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), line 16
M Amounts paid for medical insurance Schedule A (Form 1040), line 1, or
Schedule 1 (Form 1040), line 29
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 Reserved for future use
U Reserved for future use
V Reserved for future use
W Other deductions See Partner’s Instr. (Form 1065)
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)
H
Undistributed capital gains credit
Schedule 5 (Form 1040), line 74a
}
Code
Report on
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
Section 951A category
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
Section 951A category
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, 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)
See Partner’s Instr. (Form 1065)
E
Basis of energy property
See Partner’s Instr. (Form 1065)
F
Recapture of low-income housing
credit (section 42(j)(5))
Form 8611, line 8
G
Recapture of low-income housing
credit (other)
Form 8611, line 8
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 income
AA
Section 199A W-2 wages
AB
Section 199A unadjusted basis
AC Section 199A REIT dividends
AD
Section 199A PTP income
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)
}
