Schedule K-1 (Form 1065) 2012
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
Passive income
Nonpassive loss
Nonpassive income
2. Net rental real estate income (loss)
3. Other net rental income (loss)
Net income
Net loss
4. Guaranteed payments
5. Interest income
6a. Ordinary dividends
6b. Qualified dividends
7. Royalties
8. Net short-term capital gain (loss)
9a. Net long-term capital gain (loss)
9b. Collectibles (28%) gain (loss)
9c. Unrecaptured section 1250 gain
10. Net section 1231 gain (loss)
11. Other income (loss)
12.
13.
Code
A Other portfolio income (loss)
B Involuntary conversions
▸ Sec. 1256 contracts & straddles
D Mining exploration costs recapture
E Cancellation of debt
F Other income (loss)
Section 179 deduction
Other deductions
A Cash contributions (50%)
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%)
H Investment interest expense
I Deductions-royalty income
J Section 59(e)(2) expenditures
K Deductions-portfolio (2% floor)
L Deductions-portfolio (other)
M Amounts paid for medical insurance
N Educational assistance benefits
• Dependent care benefits
P Preproductive period expenses
Q Commercial revitalization deduction
from rental real estate activities
R Pensions and IRAs
S Reforestation expense deduction
T Domestic production activities
information
U Qualified production activities income
V Employer's Form W-2 wages
W Other deductions
14. Self-employment earnings (loss)
Report on
See the Partner's Instructions
Schedule E, line 28, column (g)
Schedule E, line 28, column (h)
Schedule E, line 28, column (i)
See the Partner's Instructions
Schedule E, line 28, column (g)
See the Partner's Instructions
Schedule E, line 28, column (i)
Form 1040, line 8a
Form 1040, line 9a
Form 1040, line 9b
Schedule E, line 4
Schedule D, line
Schedule D, line 12
28% Rate Gain Worksheet, line 4
(Schedule D instructions)
See the Partner's Instructions
See the Partner's Instructions
See the Partner's Instructions
See the Partner's Instructions
Form 6781, line 1
See Pub. 535
Form 1040, line 21 or Form 982
See the Partner's Instructions
See the Partner's Instructions
See the Partner's
Instructions
Form 4952, line 1
Schedule E, line 19
See the Partner's Instructions
Schedule A, line 23
Schedule A, line 28
Schedule A, line 1 or Form 1040, line 29
See the Partner's Instructions
Form 2441, line 12
See the Partner's Instructions
See Form 8582 instructions
See the Partner's Instructions
See the Partner's Instructions
See Form 8903 instructions
Form 8903, line 7b
Form 8903, line 17
See the Partner's Instructions
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
B Gross farming or fishing income
▸ Gross non-farm income
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()(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
I Alcohol and cellulosic biofuel fuels
credit
Schedule SE, Section A or B
See the Partner's Instructions
See the Partner's Instructions
See the Partner's Instructions
Form 1040, line 71; check box a
See the Partner's Instructions
Code
J
Work opportunity credit
K Disabled access credit
L Empowerment zone and
renewal community
employment credit
M Credit for increasing research
activities
N Credit for employer social
security and Medicare taxes
O Backup withholding
Other credits
16. Foreign transactions
A Name of country or U.S.
possession
B Gross income from all sources
C Gross income sourced at
partner level
Report on
See the Partner's Instructions
}
Form 1116, Part I
}
Form 1116, Part I
Foreign gross income sourced at partnership level
D Passive category
E General category
F Other
Deductions allocated and apportioned at partner level
G Interest expense
H Other
Form 1116, Part I
Form 1116, Part I
Deductions allocated and apportioned at partnership level to foreign source
income
Passive category
J General category
K
Other
Other information
L Total foreign taxes paid
M Total foreign taxes accrued
N
}
Form 1116, Part I
Form 1116, Part II
Reduction in taxes available for credit
• Foreign trading gross receipts
P Extraterritorial income exclusion
Other foreign transactions
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
Form 1116, Part II
Form 1116, line 12
Form 8873
Form 8873
See the Partner's Instructions
See the Partner's
Instructions and
the Instructions for
Form 6251
18. Tax-exempt income and nondeductible
A Tax-exempt interest income
B Other tax-exempt income
C Nondeductible expenses
19. Distributions
A Cash and marketable securities
B Distribution subject to section 737
C Other property
20. Other information
A Investment income
B Investment expenses
Fuel tax credit information
}
D Qualified rehabilitation expenditures
E
(other than rental real estate)
Basis of energy property
F Recapture of low-income housing
credit (section 42(1)(5))
G Recapture of low-income housing
credit (other)
H Recapture of investment credit
I Recapture of other credits
J Look-back interest-completed
long-term contracts
expenses
Form 1040, line 8b
See the Partner's Instructions
See the Partner's Instructions
See the Partner's Instructions
Form 4952, line 4a
Form 4952, line 5
Form 4136
See the Partner's Instructions
See the Partner's Instructions
Form 8611, line 8
Form 8611, line 8
See Form 4255
See the Partner's Instructions
See Form 8697
K Look-back interest-income forecast See Form 8866
method
L Dispositions of property with
section 179 deductions
M Recapture of section 179 deduction
Interest expense for corporate
N
partners
Section 453(1)(3) information
Section 453A(c) information
Q Section 1260(b) information
R Interest allocable to production
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
See the Partner's
Instructions
