Schedule K-1 (Form 1065) 2018
Page 2
This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1040.
For detailed reporting and filing information, see the separate Partner’s Instructions for Schedule K-1 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.
Passive loss
Report on
See the Partner’s Instructions
Passive income Schedule E, line 28, column (h)
Nonpassive loss See the Partner’s Instructions
Nonpassive income Schedule E, line 28, column (k)
2. Net rental real estate income (loss) See the Partner’s Instructions
3. Other net rental income (loss)
Net income Schedule E, line 28, column (h)
Net loss See the Partner’s Instructions
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 Instructions
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 the Partner’s Instructions
10. Net section 1231 gain (loss) See the Partner’s Instructions
11. Other income (loss)
Code
A Other portfolio income (loss) See the Partner’s Instructions
B Involuntary conversions See the Partner’s Instructions
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 Section 951A income
G Section 965(a) inclusion
H
Subpart F income other than
sections 951A and 965 inclusion
I Other income (loss)
}
See the Partner’s Instructions
12. Section 179 deduction See the Partner’s Instructions
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 the Partner’s
Instructions
H Investment interest expense Form 4952, line 1
I Deductions—royalty income Schedule E, line 19
J Section 59(e)(2) expenditures See the Partner’s Instructions
K Excess business interest expense See the Partner’s Instructions
L Deductions—portfolio (other) Schedule A, line 16
M Amounts paid for medical insurance Schedule A, line 1 or Schedule 1
(Form 1040), line 29
N Educational assistance benefits See the Partner’s Instructions
O Dependent care benefits Form 2441, line 12
P Preproductive period expenses
See the Partner’s Instructions
Q
Commercial revitalization deduction
from rental real estate activities See Form 8582 instructions
R Pensions and IRAs
See the Partner’s Instructions
S
Reforestation expense deduction
See the Partner’s Instructions
T through V
Reserved for future use
W
Other deductions See the Partner’s Instructions
X
Section 965(c) deduction See the Partner’s Instructions
14. Self-employment earnings (loss)
Note: If you have a section 179 deduction or any partner-level deductions, see the
Partner’s Instructions before completing Schedule SE.
A Net earnings (loss) from
self-employment Schedule SE, Section A or B
B Gross farming or fishing income See the Partner’s Instructions
C Gross non-farm income See the Partner’s Instructions
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 credits
G Other rental credits
}
H
Undistributed capital gains credit
Schedule 5 (Form 1040), line 74, box a
I Biofuel producer credit
See the Partner’s Instructions
See the Partner’s Instructions
Code
Report on
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 the Partner’s Instructions
16. Foreign transactions
A Name of country or U.S.
possession
B Gross income from all sources
C Gross income sourced at
partner level
}
Foreign gross income sourced at partnership level
Form 1116, Part I
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
Section 951A(c)(1)(A) tested income
V
Tested foreign income tax
W
Section 965 information
X
Other foreign transactions
}
See the Partner’s Instructions
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 the Partner’s
Instructions 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 the Partner’s Instructions
C
Nondeductible expenses
See the Partner’s Instructions
19. Distributions
A
Cash and marketable securities
B
Distribution subject to section 737
C
Other property
}
See the Partner’s Instructions
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 the Partner’s Instructions
E Basis of energy property See the Partner’s Instructions
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 the Partner’s Instructions
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 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 the Partner’s
Instructions
