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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