2010 Form 1065 (Schedule K-1)

651110
Final K-1
2010
Schedule K-1
(Form 1065)
Department of the Treasury
Internal Revenue Service
ending
A
B
C
D
1
Ordinary business income (loss)
2
Net rental real estate income (loss)
3
Other net rental income (loss)
4
Guaranteed payments
5
Interest income
6a
Ordinary dividends
6b
Qualified dividends
Information About the Partnership
7
Royalties
Foreign transactions
8
Net short-term capital gain (loss)
9a
Net long-term capital gain (loss)
17
Alternative minimum tax (AMT) items
18
Tax-exempt income and
nondeductible expenses
19
Distributions
20
Other information
IRS Center where partnership filed return
Check if this is a publicly traded partnership (PTP)
Information About the Partner
Partner’s identifying number
9b
Collectibles (28%) gain (loss)
F
Partner’s name, address, city, state, and ZIP code
9c
Unrecaptured section 1250 gain
10
Net section 1231 gain (loss)
11
Other income (loss)
Section 179 deduction
Other deductions
G
General partner or LLC
member-manager
Limited partner or other LLC
member
H
Domestic partner
Foreign partner
I
What type of entity is this partner?
12
J
Partner’s share of profit, loss, and capital (see instructions):
Beginning
Ending
13
Profit
%
%
Loss
%
%
Capital
%
%
Partner’s share of liabilities at year end:
.
.
.
.
.
.
Qualified nonrecourse financing
.
$
Recourse
.
$
.
$
Current year increase (decrease)
.
$
Withdrawals & distributions
.
.
$ (
.
.
$
.
.
.
.
.
.
14
$
*See attached statement for additional information.
Partner’s capital account analysis:
Beginning capital account .
.
Capital contributed during the year
Ending capital account .
Tax basis
.
GAAP
Self-employment earnings (loss)
$
)
Section 704(b) book
Other (explain)
For IRS Use Only
Nonrecourse
M
16
Partnership’s name, address, city, state, and ZIP code
Part II
L
Credits
Partnership’s employer identification number
E
K
15
, 2010
, 20
Partner’s Share of Income, Deductions,
▶ See back of form and separate instructions.
Credits, etc.
Part I
OMB No. 1545-0099
Part III Partner’s Share of Current Year Income,
Deductions, Credits, and Other Items
For calendar year 2010, or tax
year beginning
Amended K-1
Did the partner contribute property with a built-in gain or loss?
Yes
No
If "Yes", attach statement (see instructions)
For Paperwork Reduction Act Notice, see Instructions for Form 1065.
Cat. No. 11394R
Schedule K-1 (Form 1065) 2010
Schedule K-1 (Form 1065) 2010
Page
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.
Report on
See the Partner’s Instructions
Passive loss
Passive income
Schedule E, line 28, column (g)
Nonpassive loss
Schedule E, line 28, column (h)
Nonpassive income
Schedule E, line 28, column (j)
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 (g)
Net loss
See the Partner’s Instructions
4. Guaranteed payments
Schedule E, line 28, column (j)
5. Interest income
Form 1040, line 8a
6a. Ordinary dividends
Form 1040, line 9a
6b. Qualified dividends
Form 1040, line 9b
Schedule E, line 4
7. Royalties
8. Net short-term capital gain (loss)
Schedule D, line 5, column (f)
Schedule D, line 12, column (f)
9a. Net long-term capital gain (loss)
28% Rate Gain Worksheet, line 4
9b. Collectibles (28%) gain (loss)
(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
Form 1040, line 21 or Form 982
See the Partner’s Instructions
F Other income (loss)
12. Section 179 deduction
See the Partner’s Instructions
13. Other deductions
A Cash contributions (50%)
B Cash contributions (30%)
C Noncash contributions (50%)
See the Partner’s
D Noncash contributions (30%)
E Capital gain property to a 50%
Instructions
organization (30%)
F Capital gain property (20%)
G Contributions (100%)
Form 4952, line 1
H Investment interest expense
I Deductions—royalty income
Schedule E, line 18
J Section 59(e)(2) expenditures
See the Partner’s Instructions
K Deductions—portfolio (2% floor)
Schedule A, line 23
L Deductions—portfolio (other)
Schedule A, line 28
M Amounts paid for medical insurance Schedule A, line 1 or 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
See Form 8582 instructions
from rental real estate activities
See the Partner’s Instructions
R Pensions and IRAs
S Reforestation expense deduction
See the Partner’s Instructions
T Domestic production activities
See Form 8903 instructions
information
U Qualified production activities income Form 8903, line 7b
V Employer’s Form W-2 wages
Form 8903, line 17
See the Partner’s Instructions
W Other deductions
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
Schedule SE, Section A or B
self-employment
See the Partner’s Instructions
B Gross farming or fishing income
C Gross non-farm income
See the Partner’s Instructions
15. Credits
A Low-income housing credit (section
See the Partner’s Instructions
42(j)(5)) from pre-2008 buildings
B Low-income housing credit (other)
See the Partner’s Instructions
from pre-2008 buildings
C Low-income housing credit (section
42(j)(5)) from post-2007 buildings
Form 8586, line 11
D Low-income housing credit (other)
from post-2007 buildings
Form 8586, line 11
E Qualified rehabilitation
expenditures (rental real estate)
See the Partner’s Instructions
F Other rental real estate credits
G Other rental credits
H Undistributed capital gains credit
Form 1040, line 71; check box a
I Alcohol and cellulosic biofuel fuels
Form 6478, line 8
credit
J Work opportunity credit
Form 5884, line 3
}
}
Code
Report on
K
L
16.
Disabled access credit
See the Partner’s Instructions
Empowerment zone and renewal
Form 8844, line 3
community employment credit
M Credit for increasing research activities See the Partner’s Instructions
N Credit for employer social security
Form 8846, line 5
and Medicare taxes
O Backup withholding
Form 1040, line 61
P Other credits
See the Partner’s Instructions
Foreign transactions
A Name of country or U.S.
possession
Form 1116, Part I
B Gross income from all sources
C Gross income sourced at
partner level
Foreign gross income sourced at partnership level
D Passive category
Form 1116, Part I
E General category
F Other
Deductions allocated and apportioned at partner level
Form 1116, Part I
G Interest expense
Form 1116, Part I
H Other
Deductions allocated and apportioned at partnership level to foreign source
income
I Passive category
Form 1116, Part I
J General category
K Other
Other information
L Total foreign taxes paid
Form 1116, Part II
Form 1116, Part II
M Total foreign taxes accrued
N Reduction in taxes available for credit Form 1116, line 12
O Foreign trading gross receipts
Form 8873
P Extraterritorial income exclusion
Form 8873
Q Other foreign transactions
See the Partner’s Instructions
Alternative minimum tax (AMT) items
A Post-1986 depreciation adjustment
See the Partner’s
B Adjusted gain or loss
Instructions and
C Depletion (other than oil & gas)
the Instructions for
D Oil, gas, & geothermal—gross income
Form 6251
E Oil, gas, & geothermal—deductions
F Other AMT items
Tax-exempt income and nondeductible expenses
A Tax-exempt interest income
Form 1040, line 8b
B Other tax-exempt income
See the Partner’s Instructions
C Nondeductible expenses
See the Partner’s Instructions
Distributions
A Cash and marketable securities
See the Partner’s Instructions
B Distribution subject to section 737
C Other property
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
See the Partner’s Instructions
(other than rental real estate)
E Basis of energy property
See the Partner’s Instructions
F Recapture of low-income housing
Form 8611, line 8
credit (section 42(j)(5))
G Recapture of low-income housing
Form 8611, line 8
credit (other)
H Recapture of investment credit
See Form 4255
I Recapture of other credits
See the Partner’s Instructions
J Look-back interest—completed
See Form 8697
long-term contracts
K Look-back interest—income forecast
See Form 8866
method
L Dispositions of property with
section 179 deductions
M Recapture of section 179 deduction
N Interest expense for corporate
partners
O Section 453(l)(3) information
P Section 453A(c) information
Q Section 1260(b) information
See the Partner’s
R Interest allocable to production
Instructions
expenditures
S CCF nonqualified withdrawals
T Depletion information—oil and gas
U Amortization of reforestation costs
V Unrelated business taxable income
W Precontribution gain (loss)
X Section 108(i) information
Y Other information
}
}
}
17.
18.
19.
20.
}
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