Form 1065, Schedule K-1 Line Code K-1 Description Type ...

Form 1065, Schedule K-1

Line amount data flow in 1040 package

Line

1

Code K-1 Description

Ordinary business income (loss)

Activity

Type

A, B

2

Ordinary business income (loss)

Net rental real estate income (loss)

Net rental real estate income (loss)

C, D

A, B

C, D

3

Other net rental income (loss)

A, B

4

5

6a

6b

7

8

9a

9b

9c

Other net rental income (loss)

C, D

Guaranteed payments

Interest income

Ordinary dividends

Qualified dividends

Royalties

Net short-term capital gain (loss)

Net long-term capital gain (loss)

Collectibles (28%) gain (loss)

Unrecaptured section 1250 gain

Sale or exchange of Partnership's business assets

A

B

C

10

11

A

B

C

Sale or exchange of an interest in a partnership

Estate, trust, RIC or REIT

Net section 1231 gain (loss)

Net section 1231 gain (loss)

Other Income/(Loss)

Other portfolio income (loss)

Involuntary conversions

Sec 1256 contracts & straddles

E

Cancellation of debt

E1

Cancellation of debt (passive)

A, B

C, D

Flows To:

Form 8582 lines 1 or 3 to figure the amount to report on Sch E, line

28

columns (f) or (g)

Schedule E, Line 28, column (h) or (j)

Form 8582 lines 1 or 3 to figure the amount to report on Sch E, line

28

Schedule E, Line 28, column (h) or (j)

Form 8582 lines 1 or 3 to figure the amount to report on Sch E, line

28

columns (f) or (g)

Schedule E, Line 28, column (h) or (j)

Sch E, Line 28, column (j)

Sch B Line 1 or Form 1040, Line 8a

Sch B, Line 2 or Form 1040, Line 9a

Form 1040, Line 9b

Sch E, Part I, Line 4

Sch D, Line 5, column (f)

Sch D, line 12, column (f)

Line 4 of the 28% Rate Gain Worksheet, Sch D, Line 18

1250 Worksheet, Line 5

1250 Worksheet, Line 10

1250 Worksheet, Line 11

Form 8582 lines 1 or 3 to figure the amount to report on Form

4797, line

2 column (g)

Form 4797, Line 2, column (g)

Form 1040, Line 21 and 8960, line 7

Basis worksheet and/or at-risk limitation worksheet only

Form 6781, Line 1

Form 1040, Line 21. If Form 982 is used this entry will need to be

deleted, entry will need to be made on the Basis worksheet screen

line 3l, and 982 screen will need to be filled out.

Form 1040, Line 21

Form 1065, Schedule K-1

Line amount data flow in 1040 package

Line

11

Code K-1 Description

FA

Recovery Tax Benefit Items

Activity

Type

FB

FC

Gambling Winnings

Gambling Winnings from trade or business

FC

FD

FE

Gambling Winnings from trade or business

Gambling Losses

Gambling Losses from trade or business

C, D

FE

FF

Gambling Losses from trade or business

751b Gain/Loss

C, D

A, B

FF

FG

751b Gain/Loss

Specially allocated ordinary gain

C, D

A, B

FG

FH

FI

A

B

C

Specially allocated ordinary gain

Short-term Cap Gain Not Portfolio Inc

Long-term Cap Gain Not Portfolio Inc

Section 179 deduction

Section 179 deduction

Other deductions

Cash contributions (50% AGI limitation)

Cash contributions (30% AGI limitation)

Noncash contributions (50% AGI limitation)

D

Noncash contributions (30% AGI limitation)

E

Capital gain property (30% AGI limitation)

12

13

A, B

A, B

C, D

A, B

C, D

Flows To:

Form 1040, Line 21 to the extent it reduced the tax previously.

Form 1040, Line 21

Form 8582 lines 1 or 3 to figure the amount to report on Sch E, line

28 column (g)

Schedule E, Line 28 column (j)

Sch A, Line 28

Form 8582 lines 1 or 3 to figure the amount to report on Sch E, line

28

column (f)

Sch E, Line 28, column (h)

Form 8582 lines 1 or 3 to figure the amount to report on Form

4797, Line

10

Form 4797, Line 10

Form 8582 lines 1 or 3 to figure the amount to report on Form

4797, Line

10

Form 4797, Line 10

Sch D, Line 5

Sch D, Line 12

Basis worksheet and/or at-risk limitation worksheet only

Sch E, Line 28, column (i)

Sch A, Line 16

Sch A, Line 16

Sch A, Line 17, if the total of all noncash contributions is greater

than $500 remove entries from K1 screen and enter information

directly on the 8283 screen.

Sch A, Line 17, if the total of all noncash contributions is greater

than $500 remove entries from K1 screen and enter information

directly on the 8283 screen.

Sch A, Line 17, if the total of all noncash contributions is greater

than $500 remove entries from K1 screen and enter information

directly on the 8283 screen.

Form 1065, Schedule K-1

Line amount data flow in 1040 package

Line

13

Code K-1 Description

F

Capital gain property (20% AGI limitation)

Activity

Type

G

Contributions (100%)

H

I

J

K

L

M

N

Investment interest expense

Deductions - royalty income

Section 59e expenditures

Deduction - portfolio (2% floor)

Deductions - portfolio (other)

Amounts paid for medical insurance

Educational assistance benefits

N

O

RA

RB

S

Educational assistance benefits

Dependent care benefits

IRA

Qualified plan, SEP or SIMPLE IRA plan

Reforestation expense deduction

A, B

S

Reforestation expense deduction

C, D

U

V

WA

Qualified production activities income

Employer's W-2 wages

Interest expense allocated to debt-financed

distributions

WA

Interest expense allocated to debt-financed

distributions

WB

Interest expense allocated to debt-financed

distributions

Interest paid or accrued on debt properly allocable

to your share of a working interest in any oil or gas

property

WB

A, B

C, D

A, B

C, D

Flows To:

Sch A, Line 17, if the total of all noncash contributions is greater

than $500 remove entries from K1 screen and enter information

directly on the 8283 screen.

Basis worksheet and/or at-risk limitation worksheet only. Preparer

will need to decide how to handle this deduction.

Form 4952, Line 1

Sch E, Line 18 with "From Schedule K-1 (Form 1065)" literal

Sch E, Line 28

Sch A, Line 23

Sch A, Line 28

WK_SEHID Line 1

Form 8582 lines 1 or 3 to figure the amount to report on Sch E, line

28 column (f)

Sch E, Line 28 up to $5250 (separate line)

Form 2441, Line 12

IRA worksheet

Form 1040, line 28

Form 8582 lines 1 or 3 to figure the amount to report on Sch E, line

28 column (f)

Sch E, Line 28, column (h) with "Reforestation expenses" literal in

column (a)

Form 8903, Line 7 (All activities column)

Form 8903, Line 17

Form 8582 lines 1 or 3 to figure the amount to report on Sch E, line

28

column (f)

Sch E, Line 28 column (h) with Partnership Name and "Interest

Expense"

literal in column (a)

Form 4952 Line 1

Form 4952 Line 1

Form 1065, Schedule K-1

Line amount data flow in 1040 package

Line

13

Activity

Type

A, B

Code K-1 Description

WC Interest paid or accrued on debt properly allocable

to your share of a working interest in any oil or gas

property

WC Interest paid or accrued on debt properly allocable

to your share of a working interest in any oil or gas

property

WD CCF

WE

Interest Penalty - Early withdrawal

WF

Film and television production expense

A, B

WF

C, D

14

A

B

C

15

A

B

C

D

H

I

J

K

L

M

N

O

PA

PB

PC

Film and television production expense

Self-employment earnings (loss)

Net earnings (loss) from self-employment

Gross farming or fishing income

Gross non-farm income

Credits

Low-income housing credit (section 42(j)(5)) pre

2008

Low-income housing credit (other) pre 2008

Low-income housing credit (section 42(j)(5)) post

2007

Low-income housing credit (other) post 2007

Undistributed capital gains credit

Credit for alcohol used as fuel

Work opportunity credit

Disabled access credit

Empowerment zone and renewal community

employment credit

Credit for increasing research activities

Credit for employer social security and Medicare

taxes

Backup withholding

Nonconventional source fuel credit

New markets credit

Unused investment credit from cooperatives

C, D

Flows To:

Form 4952, line 1

Sch E, Line 28 column (h) with Partnership Name and "Interest

Expense"

literal in column (a)

Form 1040, Line 43 with literal

Form 1040 Line 30

Form 8582 lines 1 or 3 to figure the amount to report on Sch E, line

28 column (f)

Schedule E, Line 28 column (h)

Schedule SE, Section A, Line 2

Schedule E, Line 42

The preparer will need to determine how to handle amounts

entered here.

Form 8586, Line 4 and Form 3800 Part III Line 1d

Form 8586, Line 4 and Form 3800 Part III Line 1d

Form 8586, Line 11 and Form 3800 Part III Line 4d

Form 8586, Line 11 and Form 3800 Part III Line 4d

Form 1040, Line 73. Check box a (2439) add words "Form 1065"

Form 3800 Part III Line 4c

Form 5884, Line 3 and/or Form 3800 Part III Line 4b

Form 8826, Line 7 and/or Form 3800 Part III Line 1e

Form 8844, Line 3 and/or Form 3800 Part III Line 3

Form 6765, Line 37 and/or Form 3800 Part III Line 1c

Form 8846, Line 5 and/or Form 3800 Part III Line 4f

Form 1040, Line 64

Form 3800 Part III Line 1o

Form 3800 Part III Line 1i

Form 3468, Line 9 and Form 3800 Part III Line 1a

Form 1065, Schedule K-1

Line amount data flow in 1040 package

Line

15

Code K-1 Description

Renewable electricity and refined coal production

PD

credit

Renewable electricity and refined coal production

PE

credit

PF

Indian employment credit

PG

Orphan drug credit

Credit for small employer pension plan startup

PI

costs

Credit for employer-provided childcare facilities

PJ

and services

PK

Biodiesel fuels credit

Activity

Type

Flows To:

Form 8835, Part I, Line 9 and/or Form 3800 Part III Line 1f

Form 8835, Part II, Line 29 and/or Form 3800 Part III Line 4e

Form 3800 Part III Line 1g

Form 8820, line 3 and/or Form 3800 Part III Line 1h

Form 8881, Line 3 and/or Form 3800 Part III Line 1j

Form 8882, Line 5 and/or Form 3800 Part III Line 1k

Form 8864, Line 9 and Form 3800 Part III Line 1l. If Partnership

furnishes a statement enter information on 8864 data entry screen.

PL

PM

Low sulfur diesel fuel production credit

General credits from an electing large partnership

Form 8896 Line 7 and/or Form 3800 Part III Line 1m

Form 3800 Part III Line 1bb

PN

PO

PP

PQ

PR

PS

PT

PU

PV

PW

PY

PZ

P1

P2

P3

P5

Qualified railroad track maintenance credit

Distilled spirits credit

Agricultural chemicals security credit

Energy efficient home credit

Energy efficient home appliance credit

Alternative motor vehicle credit

Alternative fuel vehicle refueling property credit

Tax credit bond holders credit

Credit for employer differential wage payments

New hire retention

Mine rescue team training credit

Carbon dioxide sequestration credit

Unused investment credit from cooperatives

Qualified plug-in electric vehicle credit

Qualified plug-in electric drive motor vehicle credit

Small employer health insurance premium credit

Form 3800 Part III Line 4g

Form 3800 Part III Line 1n

Form 3800 Part III Line 1v

Form 3800 Part III Line 1p

Form 3800 Part III Line 1q

Form 3800 Part III Line 1r

Form 3800 Part III Line 1s

Form 8912, Line 2

Form 3800 Part III Line 1w

Form 5884-B, Line 12 and Form 3800 Part III Line 1aa

Form 3800 Part III Line 1u

Form 3800 Part III Line 1x

Form 3468, Line 13 and Form 3800 Part III Line 4a

Form 8834, Line 13 and Form 3800 Part III Line 1z

Form 8936, Line 13 and/or Form 3800 Part III Line 1y

Form 8941, Line 15 and/or Form 3800 Part III Line 4h

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