Line Item Estimates 2018 - irs.gov

Statistics of Income

2018 Partnership Returns

Line Item Estimates

statistics

Publication 5035 (Rev. 12-2020) Catalog Number 59809V Department of the Treasury Internal Revenue Service

Department of the Treasury Internal Revenue Service

Charles P. Rettig Commissioner

Barry W. Johnson Acting Chief Research and Analytics Officer

David P. Paris Acting Associate Director, Statistics of Income Division

Melanie Patrick Chief, Corporation, Partnership, & International Branch

Wayne K. Kei Chief, Data Dissemination Section

Partnership Returns Line Item Estimates 2018

Publication 5035 (Rev 12-2020)

The 2018 Partnership Returns Line Item Estimates (Publication 5035) presents estimates of frequencies of taxpayer entries recorded on the applicable lines of the forms and schedules filed with partnership returns. This publication also contains corresponding population estimates of dollar amounts recorded on those lines (as applicable).

The Statistics of Income (SOI) Division also makes the results of its studies available on SOI's Tax Stats Web page. You can sample our products by visiting our Internet site at .

The Statistics of Income Division's Statistical Information Services (SIS) staff provides data, statistical analysis, and information in response to requests from customers. In addition, the SIS staff provides data referral services, acts as a liaison between requesters and IRS analysts on technical questions, and answers questions on the availability of SOI data. The SIS staff can be reached by e-mail at sis@.

Suggested Citation Statistics of Income--2018 Partnership Returns Line Item Estimates Internal Revenue Service Washington, D.C.

Contents

Page

Line Item Estimates ....................................................................................................... i Form 1065, U.S. Return of Partnership Income ........................................................... 1 Schedule B, Other Information ..................................................................................... 3 Schedule K, Partners' Distributive Share Items............................................................ 7 Schedule L, Balance Sheet per Books ......................................................................... 9 Schedule M-1, Reconciliation of Income (Loss) per Books

With Income (Loss) per Return ............................................................................... 9 Schedule M-2, Analysis of Partners' Capital Accounts................................................. 9 Schedule B-1, Information on Partners Owning 50% or

More of the Partnership ......................................................................................... 11 Schedule D, (Form 1065), Capital Gains and Losses ................................................ 13 Form 1125-A, Cost of Goods Sold ............................................................................. 15 Schedule M-3, Net Income (Loss) Reconciliation for Certain Partnerships ............... 17 Schedule C, Additional Information for Schedule M-3 Filers ...................................... 23 Schedule F, (Form 1040), Profit or Loss From Farming............................................. 25 Form 4562, Depreciation and Amortization ................................................................ 27 Form 4797, Sales of Business Property ..................................................................... 31 Form 5884, Work Opportunity Credit ......................................................................... 33 Form 5884-A, Credits for Affected Disaster Area Employees .................................... 35 Form 6765, Credit for Increasing Research Activities ................................................ 37 Form 8824, Like-Kind Exchanges .............................................................................. 41

Contents (continued)

Page

Form 8825, Rental Real Estate Income and Expenses of a Partnership or an S Corporation .................................................................................................................45

Form 8844, Empowerment Zone Employment Credit ..............................................................47 Form 8845, Indian Employment Credit.....................................................................................49 Form 8846, Credit for Employer Social Security and Medicare Taxes Paid

on Certain Employee Tips ...................................................................................................51 Form 8882, Credit for Employer-Provided Childcare Facilities and Services...........................53 Form 8903, Domestic Production Activities Deduction ............................................................55 Form 8925, Report of Employer-Owned Life Insurance Contracts ..........................................57 Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit............................................59 Form 8990, Limitation on Business Interest Expense Under Section 163(j) ............................61 Form 8994, Employer Credit for Paid Family and Medical Leave ............................................65

2018 Partnership Returns

Line Item Estimates

Estimates constructed from different samples usually vary. The standard error of an estimate is a measure of its variation among all possible samples. The standard error is used to measure the precision with which an estimate from a particular sample approximates the average result of all the possible samples. The sample estimate and an estimate of its standard error are used to construct an interval estimate with prescribed confidence that the interval includes the actual population value. The coefficients of variations (CV) allow for comparing sampling error across variables. The CV is often presented as a percentage, the ratio of the standard error of the estimate over the estimate itself and multiplied by 100.

The Statistics of Income (SOI) Division used the sample selected for its 2018 Partnership Returns Study to produce the line item estimates presented here. This sample is one of many possible samples that SOI could have randomly selected using the same design. As with any sample, it is subject to the data limitations that occur in statistical sampling. The estimates are not actual line item counts or money amounts. The table below shows the coefficients of variation (CV) and the lower and upper bounds of computed 95-percent confidence intervals for selected variable totals that SOI estimated from the 2018 sample.

SOI 2018 1065 Line Count Table Estimates (Amounts are in thousands)

Variable Business Receipts Cost of Goods Sold Depreciation Interest Paid Interest Income Net Income Net Rental Real Estate Loss Net Rental Real Estate Income Number of Partners Number of Returns Ordinary Business Loss Ordinary Business Income Other Net Rental Loss

Other Net Rental Income Portfolio Income Dist to Partners Taxes & Licenses Total Income Minus Deductions Total Assets Total Deductions Total Income Total Receipts

Total ($s) 5,904,280,531 3,343,267,462

260,659,657 106,664,500 240,778,269 884,709,693 (147,071,026) 187,563,644

27,448 4,010

(391,140,466) 768,052,696

(9,878,307) 11,052,668 1,211,350,828 99,163,744 1,710,263,412 34,348,006,740 6,055,822,095 6,432,734,325 8,721,758,922

CV (%) 0.22 0.31 0.91 1.03 0.88 1.07 2.44 1.78 1.89 0.60 1.21 0.63

9.19 6.26 0.68 0.63 2.32 0.13 0.24 0.23 0.44

Lower Bound 5,879,125,009 3,323,192,208 255,998,002 104,504,652 236,620,120 866,124,655 (154,109,212) 181,002,689 26,433 3,963 (400,390,831) 758,521,587

(11,658,489) 9,695,504

1,195,183,946 97,941,167

1,632,402,108 34,261,097,383

6,027,420,973 6,403,853,634 8,645,881,281

Upper Band 5,929,436,053 3,363,342,715 265,321,312 108,824,347 244,936,418 903,294,730 (140,032,840) 194,124,600 28,464 4,057 (381,890,102) 777,583,805

(8,098,125) 12,409,832 1,227,517,711 100,386,321 1,788,124,716 34,434,916,096 6,084,223,218 6,461,615,016 8,797,636,564

i

2018 Partnership Returns

Line Item Estimates

SOI rounded all values on the money amount pages to the nearest $1,000, and rounded amounts of $500 or more to the next thousand. All money amounts and frequencies were subject to rounding errors.

To avoid disclosing information about specific partnerships, SOI deleted certain estimates and marked them with a [d]. SOI does not force all forms to balance; however, if a disclosed field could be calculated by subtraction from a total, SOI deleted a second value. An estimate based on fewer than 10 returns, and not selected at the 100-percent rate, was indicated by an asterisk (*) and considered statistically unreliable. Researchers should use these values in conjunction with other data sources due to the small sample size.

SOI excluded ten attachments to U.S. Return of Partnership Income (Form 1065), that were included in the 2018 Partnership Returns Study because the quantities represented in the sample were insufficient for this publication. These attachments are:

? Investment Credit (Form 3468); ? Orphan Drug Credit (Form 8820); ? Biodiesel and Renewable Diesel Fuels Credit (Form 8864); ? New Markets Credit (Form 8874); ? Credit for Small Employer Pension Plan Startup Costs (Form 8881); ? Low Sulfur Diesel Fuel Production Credit (Form 8896); ? Alternative Motor Vehicle Credit (Form 8910); ? Alternative Fuel Vehicle Refueling Property Credit (Form 8911); ? Credit for Small Employer Health Insurance Premiums (Form 8941); and ? Qualified Opportunity Fund (Form 8996)

ii

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download