Free 2008 Form 1065 (Schedule K-1) - Federal

651108
Final K-1 Amended K-1 OMB No. 1545-0099

Schedule K-1 (Form 1065)
Department of the Treasury Internal Revenue Service year beginning ending

2008
For calendar year 2008, or tax , 2008 , 20

Part III
1

Partner's Share of Current Year Income, Deductions, Credits, and Other Items
15 Credits

Ordinary business income (loss)

2

Net rental real estate income (loss)

Partner's Share of Income, Deductions, See back of form and separate instructions. Credits, etc.
Part I
A

3

Other net rental income (loss)

16

Foreign transactions

Information About the Partnership

4

Guaranteed payments

Partnership's employer identification number 5 Interest income

B

Partnership's name, address, city, state, and ZIP code 6a Ordinary dividends

6b

Qualified dividends

7 C IRS Center where partnership filed return 8 D Check if this is a publicly traded partnership (PTP) 9a

Royalties

Net short-term capital gain (loss) Net long-term capital gain (loss)

17

Alternative minimum tax (AMT) items

Part II
E

Information About the Partner
9b Collectibles (28%) gain (loss)

Partner's identifying number

F

Partner's name, address, city, state, and ZIP code

9c

Unrecaptured section 1250 gain

10

Net section 1231 gain (loss)

18

Tax-exempt income and nondeductible expenses

11

Other income (loss)

G

General partner or LLC member-manager Domestic partner

Limited partner or other LLC member Foreign partner 19 Distributions 12 Section 179 deduction

H

I J

What type of entity is this partner? Partner's share of profit, loss, and capital (see instructions): Beginning Profit Loss Capital % % % Ending % % %

13

Other deductions 20 Other information

K

Partner's share of liabilities at year end: Nonrecourse Qualified nonrecourse financing Recourse $ $ $ 14 Self-employment earnings (loss)

L

Partner's capital account analysis: Beginning capital account Capital contributed during the year Current year increase (decrease) Withdrawals & distributions Ending capital account Tax basis Other (explain) GAAP $ $ $ $ $ Section 704(b) book

*See attached statement for additional information.

(

)

For Paperwork Reduction Act Notice, see Instructions for Form 1065.

For IRS Use Only

Cat. No. 11394R

Schedule K-1 (Form 1065) 2008

Schedule K-1 (Form 1065) 2008

Page

2

This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1040. For detailed reporting and filing information, see the separate Partner's Instructions for Schedule K-1 and the instructions for your income tax return. Code Report on
1. Ordinary business income (loss). Determine whether the income (loss) is passive or nonpassive and enter on your return as follows. Report on Passive loss See the Partner's Instructions Passive income Schedule E, line 28, column (g) Nonpassive loss Schedule E, line 28, column (h) Nonpassive income Schedule E, line 28, column (j) 2. Net rental real estate income (loss) See the Partner's Instructions 3. Other net rental income (loss) Net income Schedule E, line 28, column (g) Net loss See the Partner's Instructions 4. Guaranteed payments Schedule E, line 28, column (j) 5. Interest income Form 1040, line 8a 6a. Ordinary dividends Form 1040, line 9a 6b. Qualified dividends Form 1040, line 9b 7. Royalties Schedule E, line 4 8. Net short-term capital gain (loss) Schedule D, line 5, column (f) 9a. Net long-term capital gain (loss) Schedule D, line 12, column (f) 9b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4 (Schedule D instructions) See the Partner's Instructions 9c. Unrecaptured section 1250 gain See the Partner's Instructions 10. Net section 1231 gain (loss) 11. Other income (loss) Code A Other portfolio income (loss) See the Partner's Instructions B Involuntary conversions See the Partner's Instructions C Sec. 1256 contracts & straddles Form 6781, line 1 D Mining exploration costs recapture See Pub. 535 E Cancellation of debt Form 1040, line 21 or Form 982 F Other income (loss) See the Partner's Instructions 12. Section 179 deduction See the Partner's Instructions 13. Other deductions A Cash contributions (50%) B Cash contributions (30%) C Noncash contributions (50%) See the Partner's D Noncash contributions (30%) Instructions E Capital gain property to a 50% organization (30%) F Capital gain property (20%) G Contributions (100%) H Investment interest expense Form 4952, line 1 I Deductions--royalty income Schedule E, line 18 J Section 59(e)(2) expenditures See the Partner's Instructions K Deductions--portfolio (2% floor) Schedule A, line 23 L Deductions--portfolio (other) Schedule A, line 28 M Amounts paid for medical insurance Schedule A, line 1 or Form 1040, line 29 N Educational assistance benefits See the Partner's Instructions O Dependent care benefits Form 2441, line 14 P Preproductive period expenses See the Partner's Instructions Q Commercial revitalization deduction from rental real estate activities See Form 8582 instructions R Pensions and IRAs See the Partner's Instructions See the Partner's Instructions S Reforestation expense deduction T Domestic production activities See Form 8903 instructions information U Qualified production activities income Form 8903, line 7 V Employer's Form W-2 wages Form 8903, line 15 W Other deductions See the Partner's Instructions 14. Self-employment earnings (loss) Note. If you have a section 179 deduction or any partner-level deductions, see the Partner's Instructions before completing Schedule SE. A Net earnings (loss) from self-employment Schedule SE, Section A or B B Gross farming or fishing income See the Partner's Instructions C Gross non-farm income See the Partner's Instructions 15. Credits A Low-income housing credit (section 42(j)(5)) from pre-2008 buildings See the Partner's Instructions B Low-income housing credit (other) from pre-2008 buildings See the Partner's Instructions C Low-income housing credit (section 42(j)(5)) from post-2007 buildings Form 8586, line 11 D Low-income housing credit (other) from post-2007 buildings Form 8586, line 11 E Qualified rehabilitation expenditures (rental real estate) See the Partner's Instructions F Other rental real estate credits G Other rental credits H Undistributed capital gains credit Form 1040, line 68; check box a I Alcohol and cellulosic biofuel fuels credit Form 6478, line 9 J Work opportunity credit Form 5884, line 3 K Disabled access credit See the Partner's Instructions L Empowerment zone and renewal community employment credit Form 8844, line 3 M Credit for increasing research activities See the Partner's Instructions N Credit for employer social security and Medicare taxes Form 8846, line 5 O Backup withholding Form 1040, line 62 P Other credits See the Partner's Instructions Foreign transactions A Name of country or U.S. possession B Gross income from all sources Form 1116, Part I C Gross income sourced at partner level Foreign gross income sourced at partnership level D Passive category E General category Form 1116, Part I F Other Deductions allocated and apportioned at partner level G Interest expense Form 1116, Part I H Other Form 1116, Part I Deductions allocated and apportioned at partnership level to foreign source income I Passive category J General category Form 1116, Part I K Other Other information L Total foreign taxes paid Form 1116, Part II M Total foreign taxes accrued Form 1116, Part II N Reduction in taxes available for credit Form 1116, line 12 O Foreign trading gross receipts Form 8873 P Extraterritorial income exclusion Form 8873 Q Other foreign transactions See the Partner's Instructions Alternative minimum tax (AMT) items A Post-1986 depreciation adjustment B Adjusted gain or loss See the Partner's C Depletion (other than oil & gas) Instructions and D Oil, gas, & geothermal--gross income the Instructions for E Oil, gas, & geothermal--deductions Form 6251 F Other AMT items Tax-exempt income and nondeductible expenses A Tax-exempt interest income Form 1040, line 8b B Other tax-exempt income See the Partner's Instructions C Nondeductible expenses See the Partner's Instructions Distributions A Cash and marketable securities B Other property See the Partner's Instructions C Distribution subject to section 737 Other information A Investment income Form 4952, line 4a B Investment expenses Form 4952, line 5 C Fuel tax credit information Form 4136 D Qualified rehabilitation expenditures (other than rental real estate) See the Partner's Instructions See the Partner's Instructions E Basis of energy property F Recapture of low-income housing credit (section 42(j)(5)) Form 8611, line 8 G Recapture of low-income housing Form 8611, line 8 credit (other) H Recapture of investment credit See Form 4255 I Recapture of other credits See the Partner's Instructions J Look-back interest--completed long-term contracts See Form 8697 K Look-back interest--income forecast See Form 8866 method L Dispositions of property with section 179 deductions M Recapture of section 179 deduction N Interest expense for corporate partners O Section 453(l)(3) information P Section 453A(c) information Q Section 1260(b) information See the Partner's R Interest allocable to production Instructions expenditures S CCF nonqualified withdrawals T Depletion information--oil and gas U Amortization of reforestation costs V Unrelated business taxable income W Precontribution gain (loss) X Other information

16.

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