Free 2008 Form 1120-F (Schedule P) - Federal

SCHEDULE P (Form 1120-F)
Department of the Treasury Internal Revenue Service

List of Foreign Partner Interests in Partnerships
Attach to Form 1120-F. See separate instructions.

OMB No. 1545-0126

2008
Employer identification number (EIN)

Name of corporation (foreign partner)

Part I

List of Foreign Partner Interests in Partnerships
(b) Address (c) EIN (d) For each partnership, is the foreign corporation's distributive share ECI, or treated as ECI, in whole or in part, with a U.S. trade or business determined under section 875 (see instructions)?

(a) Name of partnership

A Yes B Yes C Yes D Yes Note: If corporation has more than 4 partnership interests, continue on separate page. See instructions. No No No No

Part II

Foreign Partner Income and Expenses: Reconciliation to Schedule K-1 (Form 1065) Schedules K-1
A B C D Total

1 Net income (loss) reported on lines 1 through 3, Schedule K-1 2 Gross income included on lines 1 through 3, Schedule K-1 3 Gross effectively connected income (ECI) on lines 1 through 3, Schedule K-1 4 Other non-interest expenses on lines 1 through 3, Schedule K-1 5 Non-interest expenses on lines 1 through 3, Schedule K-1, allocated to gross ECI 6 Other gross income reported on Schedule K-1 7 Other gross ECI reported on Schedule K-1 8 Other non-interest expenses reported on Schedule K-1 9 Other non-interest expenses reported on Schedule K-1 allocated to ECI 10 Total gross income. Add lines 2 and 6 11 Total gross effectively connected income. Add lines 3 and 7 12 Interest expense on lines 1 through 3, Schedule K-1 13 Other interest expense reported on Schedule K-1, lines 13 and 18 14a Total interest expense. Add lines 12 and 13 b Interest expense directly allocable under Temporary Regulations section 1.882-5T(a)(1)(ii)(B). (Note: Include the line 14b total on Schedule I, line 22.) c Subtract line 14b from line 14a. (Note: Enter the line 14c total on Schedule I, line 9, column (b).)
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 1120-F.
Cat. No. 49677Z

Schedule P (Form 1120-F) 2008

Schedule P (Form 1120-F) 2008

Page

2

Part III

Foreign Partner's Average Outside Basis Under Regulations sections 1.882-5(b) and 1.884-1(d)(3) Schedules K-1
A B C D Total

15 Section 705 outside basis 16a Partner's liabilities included in outside basis under section 752 that give rise to directly allocable interest expense under Temporary Regulations section 1.882-5T(a)(1)(ii)(B) b All other liabilities included in partner's outside basis under section 752 c Add lines 16a and 16b d Subtract line 16c from line 15 17 Partner's liabilities under Regulations section 1.884-1(d)(3)(vi). (Note: Enter the line 17 total on Schedule I, line 8, column (b).) 18 Partner's outside basis under Regulations section 1.884-1(d)(3)(vi). Add lines 16d and 17 19 Partner's outside basis allocable to ECI under Regulations section 1.884-1(d)(3)(i). (Note: Enter the line 19 total on Schedule I, line 5, column (b).) 20 Enter "income" or "asset" to indicate the allocation method used on line 19 (see instructions)
Schedule P (Form 1120-F) 2008