EFTA01221931.pdf

Schedule K-1 Partner's Share of Income, Credits, 2018 (Form 1065) Deductions, etc. • Keep for your records Partner's Name Social Security Number Part I —• Information About the Partnership A Partnership's Employer Identification Number B Partnership's Name Address. • • • • • • . . . . . . . . . . . City State, and ZIP Code C D n IRS Center where partnership return . . Check if this is a publi traded partnersnip (PTP) Check if foreign partnership Part Information About the Partner Partner is Taxpayer . . Spouse. . . . Joint . . E Partners identifying Number F Partners Name Address City. State. and ZIP code . G General Partner or CLD manager Limitea Partner or otner LLC memoer H Domestic Partner Foreign Partner I 1 what type of entity is this partial 2 If this partner is a retirement plan (IRA/SEP/Keogh/etc.) check here J Partner's Share of Profit, Loss, Capital: BegInnllirj Ending Profit Loss Capital K Partner's Share of Liabilities: Beginning Ending Qualified nonrecourse financing . . . Recourse All investment in partnership is at-risk Some investment in partnership is not at-risk L Partners Capital Account Analysis: Beginning Capital Account Capital Contributed During the Year Current Year Increase (Decrease) Withdrawals & Distributions Ending_Capital Account Tax Basis GAAP Section 70403) BOOK H Other (Explain) mall men Final K-1 and Amended K-1 Checkboxes Final K-1 Check applicable box(es): Partnership was discontinued during 2018 Partner sold or otherwise disposed of entire interest in the partnership in 2018 Partner sold a portion of interest in partnership in 2018 mended K-1 ..2 Itrl, illy Partner's Share of Current Year Income, Deductions, Credits, Other Items Check Type of Activity Reported on this Schedule K-1: Business Rental Real Estate Other Rental Activities Other (investment club. etc.) Multiple types of activities D. 1 Ordinary business income (loss) Check if "materially" participated in the business activities Check if "working interest in oil or gas well 2 Net rental real estate income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . Check if "materially" participated in rental real estate activities D. Check if "actively" participated in rental real estate activities Check if rental of property is a type subject to recharacterization rules . . . . ii. Check if rental real estate activity is a trade or business. b• 3 Other net rental income (loss) Check if rental of property is a type subject to recharacterization rules . . . . Check if rental activity is a trade or business 4 Guaranteed payments 5 Interest income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest income from U.S. obligations included in box 5 6 a Ordinary dividends b Qualified dividends c Dividend equivalents . . . . . . . . . . . . — . . Interest income from U.S. obligations included in box 6 7 Roialties . • • • • • • • • • • • • • • • • . . . . . . . • . . . . . . . . . . . . . . . . . . . Double-click to link royalties to Schedule E Worksheet ► EFTA01221931  Page 2 Partnership Name Ifl Partner's Share of Current Year Income, Deductions, Credits, Other Items (continued) 8 Net short-term capital gain (loss) 9 a Net long-term capital gain (loss) 9 b Collectibles (28%) gain (loss) 9 c Unrecaptured section 1250 gain 10 Net section 1231 gain (loss) 11 Other income (loss) Code Description Amount 12 Section 179 deduction 13 Other deductions Code Description Amount 14 Self-employment earnings (loss) Code Description Amount 15 Credits & credit recapture Code Description Amount 16 Foreign transactions A Name of country or U.S. possession. . . Code Description Amount 17 Alternative minimum tax (AMT) items Code Description Amount 18 Tax-exempt Income and nondeductible expenses Code Description Amount 19 Distributions Code Description Amount 20 Other information Code Description Amount EFTA01221932  Page 3 Partnership Name Section Al Passive Activity Adjustment to Income or Loss — For Regular Tax Purposes Activity net income (loss) Classification (a) (b) (c) (d) Passive Activity Gain (Loss) Suspended Net Loss Income (Loss) Limited by Loss Income Suspended Description Form 6198 Carryover (Loss) for if Applicable From Allowed Current Prior Year Year Enter as Negative 1 Ordinary income (loss) for Schedule E: a Ordinary income (loss) pass through. . . b Section 179 expense c Section 59(e)(2) expense d Unreimbursed expenses e Depletion expense f Interest expense g Total 2 Ordinary income (loss) for Form 1040: a Ordinary income from recoveries b Cancellation of debt income c Total 3 Total ordinary income (loss) Add 1g, 2c 4 Commercial revitalization deduction: a Commercial revitalization deduction . . . . b Memo: Net to Sch E. Line lg less 4a. . . 5 Short-term capital gain (loss) for Sch D: a Non-portfolio capital gain (loss) b Installment sales c Sale of assets d Sale of partnership interest e Total 6 Long-term capital gain (loss) for Sch D: a Non-portfolio capital gain (loss) b Installment sales c Sale of assets d Sale of partnership interest e Total 7 Section 1231 gain (loss) for Form 4797: a Section 1231 gain (loss) pass through . . b Installment sales c Sale of assets d Total 8 Ordinary gain (loss) for Form 4797: a Ordinary gain (loss) pass through b Installment sales c Sale of assets d Sale of partnership interest e Total 9 Total Combine lines 3,4a,5e,6e,7d,8e. . EFTA01221933  Page 4 Partnership Name Section B Passive Activity Adjustment to Income or Loss — Alternative Minimum Tax Purposes (a) (b) (c) (d) Passive Activity Gain (Loss) Suspended Net Loss Income (Loss) Limited by Loss Income Suspended Description Form 6198 Carryover (Loss) for if Applicable From Allowed Current Prior Year Year Enter as Negative 1 Ordinary Income (loss) for Schedule E: a Ordinary income (loss) pass through. . . b Section 179 expense c Section 59(e)(2) expense d Unreimbursed expenses e Depletion expense f Interest expense g Total 2 Ordinary Income (loss) for Form 1040: a Ordinary income from recoveries b Cancellation of debt income c Total 3 Total ordinary Income (loss) Add 1g, 2c 4 Commercial revitalization deduction: a Commercial revitalization deduction . . . . b Memo: Net to Sch E. Line 1g less 4a . 5 Short-term capital gain (loss) for Sch D: a Non-portfolio capital gain (loss) b Installment sales c Sale of assets d Sale of partnership interest 0 Total 6 Long-term capital gain (loss) for Sch D: a Non-portfolio capital gain (loss) b Installment sales c Sale of assets d Sale of partnership interest 0 Total 7 Section 1231 gain (loss) for Form 4797: a Section 1231 gain (loss) pass through . . b Installment sales c Sale of assets d Total 9 Ordinary gain (loss) for Form 4797: a Ordinary gain (loss) pass through b Installment sales c Sale of assets d Sale of partnership interest e Total 9 Total Combine lines 3,4a,5e,6e,7d,8e. . EFTA01221934  Page 5 Partnership Name Section Cl Income and Loss Reported on Schedule E, Supplemental Income or Loss Passive Income and Loss Nonpassive Income a d Loss Description (1) (9) (h) (I) (I) Loss K-1 Income K-1 Loss K-1 Section 179 Income K-1 EFTA01221935  Page 6 Partnership Name 'Section D I Qualified Business Income Deduction Info A Does this K-1 include a Section 199A business? n Yes n No B Trade or Business Name C Trade or Business ID Number D 1 Specified Service Trade or Business (SSTB)? . . Yes No 2 If No. is income attributable to SSTB? . . . . . . . Yes No 3 If income is attributable to SSTB. select OBI works eel of associate TB 4 Percentage of qualified income attributable to SSTB E 1 Starting business income 2 Adjustments a Total section 179 expenses b Sec 179 expenses from OBI and not included in 199A income. c Allowable QBI sec 179 expenses after 179 limits d Other non-qualified items to subtract from business income . . Total allowable OBI sec 179 expenses and other adjustments 3 Qualified business income 4 Allowable QBI after passive/at-risk limits 5 Self employed deductions connected to this business a Self employed earnings from QBI b Total deduction for 1/2 self employment tax c Deduction for 1/2 S.E. tax connected to this business d Total deduction for S.E. retirement contributions e S.E. retirement deduction connected to this business Total self employed deductions connected to this business 6 Partnership profit (loss) after S.E. deductions 7 Allowable QBI allocated to SSTB 8 Allowable QBI from this business F 1 Short term gain (loss) from business assets 2 Short term gain (loss) already included in Box 20 199A income or not part of OBI. 3 Qualified short term gain (loss) not already included in Box 20 199A income 4 Allowable short term qualified gain (loss) after passive/at-risk limits 5 Allowable short term gain (loss) allocated to SSTB 6 Allowable short term gain (loss) from this business G 1 Section 1231 gain (loss) from business assets 2 Section 1231 gain (loss) not related to qualified business income 3 Section 1231 gain (loss) from qualified business 4 Allowable ordinary 1231 qualified gain (loss) after passive/at-risk limits 5 Allowable ordinary 1231 gain (loss) allocated to SSTB 6 Allowable ordinary 1231 gain (loss) from this business H 1 Allowable qualified business income (line E8 plus F6 plus G6) 2 Qualified business income allocated to SSTB I 1 Tentative wages 2 Adjustments 3 Qualified wages 4 Qualified wages allocated to SSTB J 1 Tentative Unadjusted Basis Immediately after Acquisition (UBIA) 2 Adjustments 3 Qualified UBIA 4 Qualified UBIA allocated to SSTB K QBI worksheet to report. double click to link L 1 Net income allocable to qualified payments from agricultural or horticultural coop . . . 2 Wages allocable to qualified payments from coop 3 Form 1099PATR line 6 (DPAD) from coop(s) with tax year starting before 1/1/2018 4 Form 1099PATR line 6 (DPAD) from coop(s) with tax year starting after 12/31/2017 M 1 Tentative REIT dividends 2 Adjustments 3 Net REIT dividends N 1 Tentative publicly traded partnership income 2 Adjustments 3 PTP income allowed after passive/at-risk limits 4 PTP is an SSTB? ni Yes In No EFTA01221936 Qualified Business Income Carryovers Carryovers Carrytorward to 2018 to 2019 A OBI suspended loss - at-risk B OBI suspended loss - passive C Form 4797 short term suspended loss - at-risk D Form 4797 short term suspended loss - passive E Form 4797 long term (sec 1231) suspended loss - at-risk F Form 4797 long term (sec 1231) suspended loss - passive G Suspended Section 179 expenses H PTP income suspended loss EFTA01221937