2011 Form 1065 – U.S. Return of Partnership Income
2011 Form 1065 U.S. Return of Partnership Income
2011 Instruction 1065 Instructions for Form 1065 (2011)
Form 1065 is used for reporting the income, gains, losses, deductions, credits for partnerships. A partnership does not pay tax on its income but “passes through” any profits or losses to its partners. Partners must include partnership items on their tax or information returns.
U.S. Return of Partnership Income (2011)
- Instructions for Form 1065 – Introductory Material
- General Instructions
- Purpose of Form
- Definitions
- Who Must File
- Termination of the Partnership
- Electronic Filing
- When To File
- Who Must Sign
- Penalties
- Accounting Methods
- Accounting Periods
- Rounding Off to Whole Dollars
- Recordkeeping
- Amended Return
- Assembling the Return
- Entity Classification Election
- Elections Made by the Partnership
- Elections Made by Each Partner
- Partner’s Dealings With Partnership
- Contributions to the Partnership
- Dispositions of Contributed Property
- Recognition of Precontribution Gain on Certain Partnership Distributions
- Unrealized Receivables and Inventory Items
- Passive Activity Limitations
- Extraterritorial Income Exclusion
- Specific Instructions
- Income
- Line 1a. Merchant card and third-party payments (including amounts reported on Form(s) 1099-K)
- Line 1b. Gross receipts or sales not reported on line 1a
- Line 1d. Returns and allowances plus any other adjustments to line 1a
- Line 2. Cost of Goods Sold
- Line 4. Ordinary Income (Loss) From Other Partnerships, Estates, and Trusts
- Line 5. Net Farm Profit (Loss)
- Line 6. Net Gain (Loss) From Form 4797
- Line 7. Other Income (Loss)
- Deductions
- Limitations on Deductions
- Line 9. Salaries and Wages
- Line 10. Guaranteed Payments to Partners
- Line 11. Repairs and Maintenance
- Line 12. Bad Debts
- Line 13. Rent
- Line 14. Taxes and Licenses
- Line 15. Interest
- Line 16. Depreciation
- Line 17. Depletion
- Line 18. Retirement Plans, etc.
- Line 19. Employee Benefit Programs
- Line 20. Other Deductions
- Schedule B. Other Information
- Question 1
- Maximum Percentage Owned for Purposes of Questions 3 and 4
- Questions 3 and 4
- Question 5
- Question 6
- Question 7
- Question 8
- Question 9
- Question 10. Foreign Accounts
- Question 11
- Questions 12a, 12b, and 12c
- Question 13
- Question 14
- Question 15
- Question 16. Foreign Partners
- Questions 18a and 18b
- Designation of Tax Matters Partner (TMP)
- Schedules K and K-1. Partners’ Distributive Share Items
- Specific Instructions (Schedule K-1 Only)
- Part I. Information About the Partnership
- Part II. Information About the Partner
- Specific Instructions (Schedules K and K-1, Part III, Except as Noted)
- Analysis of Net Income (Loss)
- Schedule L. Balance Sheets per Books
- Schedule M-1. Reconciliation of Income (Loss) per Books With Income (Loss) per Return
- Schedule M-2. Analysis of Partners’ Capital Accounts
- Instructions for Form 1065 – Notices
- Instructions for Form 1065 – Additional Material
- Codes for Principal Business Activity and Principal Product or Service
- Agriculture, Forestry, Fishing and Hunting
- Mining
- Utilities
- Construction
- Manufacturing
- Wholesale Trade
- Retail Trade
- Transportation and Warehousing
- Information
- Finance and Insurance
- Real Estate and Rental and Leasing
- Professional, Scientific, and Technical Services
- Management of Companies (Holding Companies)
- Administrative and Support and Waste Management and Remediation Services
- Educational Services
- Health Care and Social Assistance
- Arts, Entertainment, and Recreation
- Accommodation and Food Services
- Other Services
- Index
- Codes for Principal Business Activity and Principal Product or Service