Free 2008 Form 8865 (Schedule K-1) - Federal

Schedule K-1 (Form 8865)
Department of the Treasury Internal Revenue Service

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

Final K-1

Amended K-1

OMB No. 1545-1668

Part III
1

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

Ordinary business income (loss)

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

2

Net rental real estate income (loss)

Information About the Partnership

3

Other net rental income (loss)

Partnership's employer identification number

4

Guaranteed payments

B

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

5

Interest income

16

Foreign transactions

6a

Ordinary dividends

6b

Qualified dividends

Part II
C

Information About the Partner

7

Royalties

Partner's identifying number

8 9a

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

D

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

9b

Collectibles (28%) gain (loss)

9c

Unrecaptured section 1250 gain

17

Alternative minimum tax (AMT) items

E

Partner's share of profit, loss, capital, and deductions: (see Partner's Instr. (Form 1065)) Beginning Profit Loss Capital Deductions % % % % Ending % % % %

10

Net section 1231 gain (loss)

11

Other income (loss)

18

Tax-exempt income and nondeductible expenses

F

Partner's capital account analysis: Beginning capital account Capital contributed during the year Current year increase (decrease) Withdrawals & distributions Ending capital account $ $ $ $ $ 13 Tax basis Other (explain) 20 Other information GAAP Section 704(b) book Other deductions

(

)

12

Section 179 deduction 19 Distributions

For IRS Use Only

14

Self-employment earnings (loss)

*See attached statement for additional information.
For Paperwork Reduction Act Notice, see Instructions for Form 8865. Cat. No. 28396B Schedule K-1 (Form 8865) 2008

Schedule K-1 (Form 8865) 2008

Page

2

This list identifies the codes used on Schedule K-1 for partners and provides summarized reporting information for partners who file Form 1040. For detailed reporting and filing information, see the Partner's Instructions for Schedule K-1 (Form 1065) and the instructions for your income tax return.
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 Passive income Nonpassive loss Nonpassive income 2. Net rental real estate income (loss) 3. Other net rental income (loss) Net income Net loss 4. Guaranteed payments 5. Interest income 6a. Ordinary dividends 6b. Qualified dividends 7. Royalties 8. Net short-term capital gain (loss) 9a. Net long-term capital gain (loss) 9b. Collectibles (28%) gain (loss) 9c. Unrecaptured section 1250 gain 10. Net section 1231 gain (loss) 11. Other income (loss) Code A Other portfolio income (loss) B Involuntary conversions C Sec. 1256 contracts & straddles D Mining exploration costs recapture E Cancellation of debt F Other income (loss) 12. Section 179 deduction 13. Other deductions A Cash contributions (50%) B Cash contributions (30%) C Noncash contributions (50%) D Noncash contributions (30%) E Capital gain property to a 50% organization (30%) F Capital gain property (20%) G Contributions (100%) H Investment interest expense I Deductions--royalty income J Section 59(e)(2) expenditures K Deductions--portfolio (2% floor) L Deductions--portfolio (other) M Amounts paid for medical insurance N O P Q See Partner's Instr. (Form 1065) Schedule E, line 28, column (g) Schedule E, line 28, column (h) Schedule E, line 28, column (j) See Partner's Instr. (Form 1065) Schedule E, line 28, column (g) See Partner's Instr. (Form 1065) Schedule E, line 28, column (j) Form 1040, line 8a Form 1040, line 9a Form 1040, line 9b Schedule E, line 4 Schedule D, line 5, column (f) Schedule D, line 12, column (f) 28% Rate Gain Worksheet, line 4 (Schedule D instructions) See Partner's Instr. (Form 1065) See Partner's Instr. (Form 1065)

16.

See Partner's Instr. (Form 1065) See Partner's Instr. (Form 1065) Form 6781, line 1 See Pub. 535 Form 1040, line 21 or Form 982 See Partner's Instr. (Form 1065) See Partner's Instr. (Form 1065) 17.

See Partner's Instr. (Form 1065)

18. Form 4952, line 1 Schedule E, line 18 See Partner's Instr. (Form 1065) Schedule A, line 23 Schedule A, line 28 Schedule A, line 1 or Form 1040, line 29 See Partner's Instr. (Form 1065) Form 2441, line 14 See Partner's Instr. (Form 1065)

19.

Educational assistance benefits Dependent care benefits Preproductive period expenses Commercial revitalization deduction from rental real estate activities See Form 8582 instructions R Pensions and IRAs See Partner's Instr. (Form 1065) S Reforestation expense deduction See Partner's Instr. (Form 1065) T Domestic production activities information See Form 8903 instructions U Qualified production activities income Form 8903, line 7 V Employer's Form W-2 wages Form 8903, line 15 W Other deductions See Partner's Instr. (Form 1065) 14. Self-employment earnings (loss) Note: If you have a section 179 deduction or any partner-level deductions, see the Partner's Instr. (Form 1065) before completing Schedule SE. A Net earnings (loss) from self-employment B Gross farming or fishing income C Gross non-farm income 15. Credits A Low-income housing credit (section 42(j)(5)) from pre-2008 buildings B Low-income housing credit (other) from pre-2008 buildings C Low-income housing credit (section 42(j)(5)) from post-2007 buildings D Low-income housing credit (other) from post-2007 buildings E Qualified rehabilitation expenditures (rental real estate) F Other rental real estate credit G Other rental credits H Undistributed capital gains credit Schedule SE, Section A or B See Partner's Instr. (Form 1065) See Partner's Instr. (Form 1065)

20.

See Partner's Instr. (Form 1065) Form 8586, line 11 Form 8586, line 11

See Partner's Instr. (Form 1065) Form 1040, line 68; box a

Code Report on I Alcohol and cellulosic biofuel fuels credit Form 6478, line 9 Form 5884, line 3 J Work opportunity credit See Partner's Instr. (Form 1065) K Disabled access credit L Empowerment zone and renewal community employment credit Form 8844, line 3 M Credit for increasing research activities See Partner's Instr. (Form 1065) N Credit for employer social security and Medicare taxes Form 8846, line 5 Form 1040, line 62 O Backup withholding See Partner's Instr. (Form 1065) P Other credits Foreign transactions A Name of country or U.S. possession Form 1116, Part I B Gross income from all sources C Gross income sourced at partner level Foreign gross income sourced at partnership level D Passive category Form 1116, Part I E General category 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 Form 1116, Part I J General category 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 See Partner's Instr. (Form 1065) Q Other foreign transactions Alternative minimum tax (AMT) items A Post-1986 depreciation adjustment B Adjusted gain or loss See Partner's Instr. C Depletion (other than oil & gas) (Form 1065) and the D Oil, gas, & geothermal--gross income 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 Partner's Instr. (Form 1065) C Nondeductible expenses See Partner's Instr. (Form 1065) Distributions A Cash and marketable securities See Partner's Instr. (Form 1065) B Other property 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 Partner's Instr. (Form 1065) E Basis of energy property See Partner's Instr. (Form 1065) F Recapture of low-income housing credit (section 42(j)(5)) Form 8611, line 8 G Recapture of low-income housing credit (other) Form 8611, line 8 See Form 4255 H Recapture of investment credit I Recapture of other credits See Partner's Instr. (Form 1065) J Look-back interest--completed See Form 8697 long-term contracts 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 See Partner's Instr. (Form 1065) Q Section 1260(b) information R Interest allocable to production 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