Create Your Form 1065

1 Partnership details

Tax yearTax periodPartnership name · NameStreet · AddressRoom/suite · AddressCity/town · AddressState/province · AddressCountry · AddressZIP/foreign postal code · AddressPrincipal business activity · APrincipal product/service · BBusiness code · CEIN · DBusiness start date · ENumber of Schedules K-1 · IAccounting methodEntity type

Return status / activity grouping Only if applicable

Initial returnFinal returnName changeAddress changeAmended returnAt-risk activities aggregated 465Passive activities grouped 469This is a BBA administrative adjustment request (AAR).

Count K-1s for everyone who was a partner at any time during the year. K-1 allocations follow actual agreements and tax rules; this builder does not divide income equally or generate individual K-1s.

2 Trade or business income & deductions

Use actual allowed trade / business amounts on page 1. Separately stated rental, portfolio, capital, charitable and Section 179 items go on Schedule K / K-1. Do not deduct the same item twice. Employee wages exclude partners.

Gross receipts/sales · 1aReturns/allowances · 1b

Net receipts · 1cCalculated from your entries

Cost of goods sold Form 1125-A · 2

Gross profit · 3Calculated from your entries

Other partnership/estate/trust ordinary income/loss · 4Farm profit/loss Schedule F · 5Ordinary gain/loss 4797 · 6Other trade/business income/loss · 7

Total trade/business income/loss · 8Calculated from your entries

Trade / business deductions Enter applicable actual totals

Employee wages excluding partners · 9Guaranteed payments to partners · 10Repairs/maintenance · 11Bad debts · 12Rent · 13Taxes/licenses · 14Interest · 15Total depreciation · 16aDepreciation deducted elsewhere · 16b

Net ordinary depreciation · 16cCalculated from your entries

Depletion excluding oil/gas · 17Retirement plans · 18Employee benefits · 19Energy-efficient commercial buildings 7205 · 20Other deductions · 21

Total deductions · 22Calculated from your entries

Ordinary business income/loss · 23Calculated from your entries

Conditional taxes, payments & refund Use separate supporting forms

8697 lookback interest · 248866 income-forecast interest · 25BBA AAR imputed underpayment · 26Other taxes · 27

Total balance due · 28Calculated from your entries

Elective-payment election 3800 · 29Payment · 30

Amount owed · 31Calculated from your entries

Overpayment · 32aCalculated from your entries

Lookback interest, AAR underpayment and elective payment require the corresponding forms. Downloading this PDF does not pay taxes.

3 Other information · Schedule B

Answer the applicable IRS questions from your records. Required answers are not preselected. Reserved questions stay blank.

All four small-partnership exemption conditions satisfied · Schedule B 4

Ownership, foreign accounts & basis adjustments Complete applicable questions

Entity owns>=50% of partnership · Schedule B 2a

Individual/estate owns>=50% of partnership · Schedule B 2b

Partnership owns corporation meeting 20%/50% threshold · Schedule B 3a

Partnership owns entity/trust meeting 20%/50% threshold · Schedule B 3b

Publicly traded partnership · Schedule B 5

Debt canceled/forgiven/principal reduced · Schedule B 6

8918 reportable-transaction disclosure · Schedule B 7

Foreign financial account interest/authority · Schedule B 8

Foreign trust distribution/grantor/transferor · Schedule B 9

754 election in effect · Schedule B 10a

Optional 743b basis adjustment · Schedule B 10b

Optional 734b adjustment · Schedule B 10c

Mandatory built-in-loss/basis-reduction adjustment · Schedule B 10d

Foreign reporting, interest & other disclosures Complete applicable questions

Distributed/contributed like-kind property

Distributed undivided tenancy-in-common interest · Schedule B 12

Foreign partners · Schedule B 14

1099-reportable payments · Schedule B 16a

Required 1099 forms filed/willfile · Schedule B 16b

1042/1042S foreign payment requirement · Schedule B 19

8938 specified domestic entity · Schedule B 20

721c partnership · Schedule B 21

267A disallowed interest/royalties · Schedule B 22

163j real-property/farm election · Schedule B 23

Any 8990 interest-limitation trigger · Schedule B 24

Self-certify opportunity fund · Schedule B 25

707-8 transfer disclosure · Schedule B 27

Foreign corporation acquisition 7874 · Schedule B 28

7208 applicable foreign corporation rule · Schedule B 29a

7208 covered surrogate foreign corporation rule · Schedule B 29b

Digital-asset transaction · Schedule B 30

Election out of subchapter K761

Additional foreign-form / partner counts Enter zero where none

Number of 8858 forms · ScheduleB13aNumber of 8865 forms · ScheduleB15Number of 5471 forms · ScheduleB17Number of foreign-government partners · ScheduleB18Foreign partners subject 864c 8 · ScheduleB26

Question 24 includes pass-through excess business interest, a tax-shelter test, and preceding three-year average receipts over $31 million with business interest. These differ from M-3 thresholds. Yes to 2a / 2b needs B-1; either 29 answer Yes needs Form 7208; QOF certification needs 8996; review other required attachments and statements in the original instructions.

Audit regime & representative

Elect out of centralized partnership audit regime · Schedule B 33

4 Partnership totals · Schedule K

Enter partnership totals from the applicable source schedules. K-1 allocations, K-2 / K-3, rental, capital-gain and other supporting statements are separate. Qualified dividends and other subsets are not added again to Analysis income.

Ordinary business income/loss · ScheduleK1Calculated from your entries

Rental real-estate income/loss 8825 · ScheduleK2Other gross rental income · ScheduleK3aOther rental expenses · ScheduleK3b

Other net rental income/loss · ScheduleK3cCalculated from your entries

Guaranteed payments services · ScheduleK4aGuaranteed payments capital · ScheduleK4b

Total guaranteed payments · ScheduleK4cCalculated from your entries

Interest income · ScheduleK5Ordinary dividends · ScheduleK6aQualified dividends · ScheduleK6bDividend equivalents · ScheduleK6cRoyalties · ScheduleK7Short-term capital gain/loss · ScheduleK8Long-term capital gain/loss · ScheduleK9aCollectibles 28%gain/loss · ScheduleK9bUnrecaptured 1250 gain · ScheduleK9cSection 1231 gain/loss · ScheduleK10

Other separately stated deductions, credits & items Only if applicable

Other income type · ScheduleK11 typeOther income/loss · ScheduleK11179 deduction · ScheduleK12Cash contributions · ScheduleK13aNoncash contributions · ScheduleK13bInvestment interest expense · ScheduleK13c59e 2 expenditure type · ScheduleK13d159e 2 expenditure amount · ScheduleK13d2Other deduction type · ScheduleK13e typeOther deductions · ScheduleK13eSelf-employment net earnings/loss · ScheduleK14aGross farming/fishing income · ScheduleK14bGross nonfarm income · ScheduleK14cLow-income housing 42j 5 credit · ScheduleK15aOther low-income housing credit · ScheduleK15bRental rehab qualified expenditures · ScheduleK15cOther rental real-estate credit type · ScheduleK15d typeOther rental real-estate credits · ScheduleK15dOther rental credit type · ScheduleK15e typeOther rental credits · ScheduleK15eOther credit type · ScheduleK15f typeOther credits · ScheduleK15fPost 1986 depreciation AMT adjustment · ScheduleK17aAMT adjusted gain/loss · ScheduleK17bAMT depletion excludingoil/gas · ScheduleK17cAMT oil/gas/geothermal gross income · ScheduleK17dAMT oil/gas/geothermal deductions · ScheduleK17eOther AMT items · ScheduleK17fTax-exempt interest · ScheduleK18aOther tax-exempt income · ScheduleK18bNondeductible expenses · ScheduleK18cCash/marketable-securities distributions · ScheduleK19aOther-property distributions · ScheduleK19bInvestment income · ScheduleK20aInvestment expenses · ScheduleK20bForeign taxes paid/accrued · ScheduleK21K-2 reporting international tax itemsK-2 filing exception applies

5 Analysis by partner category

Net income/loss per return · Analysis1Calculated from your entries

How is Analysis Line 1 classified?

Choose a single category only if the entire actual net income / loss belongs there. Otherwise enter all actual general / limited partner category totals below. The 12 cells must sum to Analysis Line 1; this is classification, not equal allocation to individual partners.

General partners: Corporate · Analysis2 General 1General partners: Individual active · Analysis2 General 2General partners: Individual passive · Analysis2 General 3General partners: Partnership · Analysis2 General 4General partners: Exempt organization · Analysis2 General 5General partners: Nominee/Other · Analysis2 General 6Limited partners: Corporate · Analysis2 Limited 1Limited partners: Individual active · Analysis2 Limited 2Limited partners: Individual passive · Analysis2 Limited 3Limited partners: Partnership · Analysis2 Limited 4Limited partners: Exempt organization · Analysis2 Limited 5Limited partners: Nominee/Other · Analysis2 Limited 6

6 Books & tax-basis capital

If the four-condition small-partnership exemption applies, this entire section stays blank. Otherwise prepare book-basis balances and actual tax-basis capital from your records.

The required M-3 parts are prepared separately and attachedA complete M-3 reconciliation substitutes for M-1.

Review M-3 tests, including $10 million assets / adjusted assets, $35 million receipts and certain 50% reportable entity partners. If permitted to use M-1 with M-3 Part I, leave the substitution option unchecked and complete M-1. The eased requirements can also remove Schedule C / Form 8916-A. Item J is checked only when both C and M-3 are attached.

Schedule L · book balance sheets Beginning and ending year

Gross and contra-asset amounts produce net balances. Shaded cells remain intact. Assets must equal liabilities plus book capital in each period; ending assets populate item F.

Cash beginning year columnb · ScheduleL1 bCash ending year columnd · ScheduleL1 dTrade notes/accounts receivable beginning year columna · ScheduleL2a aTrade notes/accounts receivable ending year columnc · ScheduleL2a cAllowance for bad debts beginning year columna · ScheduleL2b a

Net receivables beginning year · ScheduleL2b bCalculated from your entries

Allowance for bad debts ending year columnc · ScheduleL2b c

Net receivables ending year · ScheduleL2b dCalculated from your entries

Inventories beginning year columnb · ScheduleL3 bInventories ending year columnd · ScheduleL3 dU.S.Government obligations beginning year columnb · ScheduleL4 bU.S.Government obligations ending year columnd · ScheduleL4 dTax-exempt securities beginning year columnb · ScheduleL5 bTax-exempt securities ending year columnd · ScheduleL5 dOther current assets beginning year columnb · ScheduleL6 bOther current assets ending year columnd · ScheduleL6 dLoans to partners/related persons beginning year columnb · ScheduleL7a bLoans to partners/related persons ending year columnd · ScheduleL7a dMortgage/real-estate loans beginning year columnb · ScheduleL7b bMortgage/real-estate loans ending year columnd · ScheduleL7b dOther investments beginning year columnb · ScheduleL8 bOther investments ending year columnd · ScheduleL8 dBuildings/depreciable assets beginning year columna · ScheduleL9a aBuildings/depreciable assets ending year columnc · ScheduleL9a cAccumulated depreciation beginning year columna · ScheduleL9b a

Net depreciable assets beginning year · ScheduleL9b bCalculated from your entries

Accumulated depreciation ending year columnc · ScheduleL9b c

Net depreciable assets ending year · ScheduleL9b dCalculated from your entries

Depletable assets beginning year columna · ScheduleL10a aDepletable assets ending year columnc · ScheduleL10a cAccumulated depletion beginning year columna · ScheduleL10b a

Net depletable assets beginning year · ScheduleL10b bCalculated from your entries

Accumulated depletion ending year columnc · ScheduleL10b c

Net depletable assets ending year · ScheduleL10b dCalculated from your entries

Land netamortization beginning year columnb · ScheduleL11 bLand netamortization ending year columnd · ScheduleL11 dAmortizable intangible assets beginning year columna · ScheduleL12a aAmortizable intangible assets ending year columnc · ScheduleL12a cAccumulated amortization beginning year columna · ScheduleL12b a

Net intangible assets beginning year · ScheduleL12b bCalculated from your entries

Accumulated amortization ending year columnc · ScheduleL12b c

Net intangible assets ending year · ScheduleL12b dCalculated from your entries

Other assets beginning year columnb · ScheduleL13 bOther assets ending year columnd · ScheduleL13 d

Total assets beginning year columnb · ScheduleL14 bCalculated from your entries

Total assets ending year columnd · ScheduleL14 dCalculated from your entries

Accounts payable beginning year columnb · ScheduleL15 bAccounts payable ending year columnd · ScheduleL15 dDebt due under 1year beginning year columnb · ScheduleL16 bDebt due under 1year ending year columnd · ScheduleL16 dOther current liabilities beginning year columnb · ScheduleL17 bOther current liabilities ending year columnd · ScheduleL17 dNonrecourse loans beginning year columnb · ScheduleL18 bNonrecourse loans ending year columnd · ScheduleL18 dLoans from partners/related persons beginning year columnb · ScheduleL19a bLoans from partners/related persons ending year columnd · ScheduleL19a dDebt due 1yearormore beginning year columnb · ScheduleL19b bDebt due 1yearormore ending year columnd · ScheduleL19b dOther liabilities beginning year columnb · ScheduleL20 bOther liabilities ending year columnd · ScheduleL20 dPartners capital accounts beginning year columnb · ScheduleL21 bPartners capital accounts ending year columnd · ScheduleL21 d

Total liabilities andcapital beginning year columnb · ScheduleL22 bCalculated from your entries

Total liabilities andcapital ending year columnd · ScheduleL22 dCalculated from your entries

Schedule M-1 · book to tax reconciliation Must agree with Analysis Line 1

Book net income/loss · M1.1Book/tax income difference itemization · M1.2 detailIncome on K not on books · M1.2Guaranteed payments excluding health insurance · M1.3Depreciation book-only expense · M1.4aTravel/entertainment book-only expense · M1.4b

Total book-only expenses · M1.4Calculated from your entries

M-1 subtotal 1through 4 · M1.5Calculated from your entries

Tax-exempt interest · M1.6aBook income not on K itemization · M1.6 detail

Total income not on K · M1.6Calculated from your entries

Tax-only depreciation deduction · M1.7aTax-only deduction itemization · M1.7 detail

Total tax-only deductions · M1.7Calculated from your entries

Total 6and 7 · M1.8Calculated from your entries

Tax net income/loss per Analysis 1 · M1.9Calculated from your entries

Other book-only expenses beyond depreciation / travelOther book income not on Schedule K beyond tax-exempt interestOther tax-only deductions beyond depreciation

Schedule M-2 · tax-basis capital Use actual adjusted tax-basis amounts

Beginning capital · M2.1Capital contributed cash · M2.2aCapital contributed property · M2.2bNet income/loss · M2.3Other capital increases itemization · M2.4 detailOther capital increases · M2.4

Capital subtotal 1through 4 · M2.5Calculated from your entries

Cash distributions · M2.6aProperty distributions · M2.6bOther decreases first itemization · M2.7 detail1Other decreases continuation · M2.7 detail2Other capital decreases · M2.7

Total capital decreases · M2.8Calculated from your entries

Ending capital · M2.9Calculated from your entries

M-2 Line 3 starts with Analysis income but requires the applicable basis / guaranteed-payment adjustments. It is not automatically book income or outside partner basis. Property contributions use adjusted basis net of liabilities; prepare required reconciliation statements.

I verified both book balance sheets and applicable M-1 / M-3 requirements.I verified actual tax-basis capital, applicable income adjustments and required capital reconciliations.

7 Preparer & signer

A paid preparer completed the return (not a partner, member or employee).

The partner / LLC member or applicable fiduciary signs and dates. An AAR uses the authorized reviewed-year PR / designated individual. Review the certification on the original.

Signature

How would you like to sign?

Your signature and signing date will stay blank. Print and sign before submitting your return to the IRS.

Review & download

I verified actual allowed partnership records, tax classifications and all six original pages.I will attach every required K-1 and supporting form, schedule and statement, including any ownership overflow.

The six-page original includes Schedules B, K, L, M-1 and M-2. K-1, B-1, B-2, K-2, K-3, M-3, Schedule C and other conditional attachments are prepared separately. All original page dimensions and white margins remain intact. IRS filing and tax payments are not included.

By clicking Continue to checkout, you confirm you reviewed all six pages against your records.

A little treat for your next form.