Form 8865 Schedule Partner’s Share of Income, Deductions, Credits, etc.

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TREASURY/IRS AND OMB USE ONLY DRAFT
Final K-1

2025

Schedule K-1
(Form 8865)

For calendar year 2025, or tax
year beginning

Department of the Treasury
Internal Revenue Service

ending

, 2025
, 20

Partner’s Share of Income, Deductions, Credits, etc.
Part I
A1
A2

D1

Information About the Partner

2

Net rental real estate income (loss)

3

Other net rental income (loss)

4a

Guaranteed payments for services

4b

15

Credits

Guaranteed payments for capital

16

Schedule K-3 is attached if
checked . . . . .

4c

Total guaranteed payments

17

Alternative minimum tax
(AMT) items

5

Interest income

6a

Ordinary dividends

6b

Qualified dividends

6c

Dividend equivalents

18

Tax-exempt income and
nondeductible expenses

7

Royalties

8

Net short-term capital gain (loss)

9a

Net long-term capital gain (loss)
19

Distributions

9b

Collectibles (28%) gain (loss)

9c

Unrecaptured section 1250 gain
20

Other information

10

Net section 1231 gain (loss)

11

Other income (loss)

12

Section 179 deduction

13

Other deductions

21

Foreign taxes paid or accrued

14

Self-employment earnings (loss)

Partner’s SSN or TIN (Do not use TIN of a disregarded entity. See instructions.)
Name, address, city, state, and ZIP code for partner entered in C. See instructions.

If partnership interest is owned through a disregarded entity (DE), enter DE’s:
Name

Partner’s share of profit, loss, capital, and deductions
(see Partner’s Instr. (Form 1065)):
Beginning

Ending

Profit

%

%

Loss

%

%

Capital

%

%

Deductions

%

Check if decrease is due to
interest. See instructions.

%
exchange of partnership

sale, or

Partner’s Capital Account Analysis

F

Beginning capital account

.

.

Capital contributed during the year
Current year net income (loss) .

.

.

.$

.

.$

.

.$

Other increase (decrease) (attach explanation) $
Withdrawals & distributions
Ending capital account

For IRS Use Only

Ordinary business income (loss)

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

TIN

G

1

Reference ID number (see instructions)

D2
E

Part III Partner’s Share of Current Year Income,
Deductions, Credits, and Other Items

Partnership’s employer identification number

Part II
C

OMB No. 1545-1668

.

.

.

.

.$

.

.

.

.$

(

)

Partner’s Share of Net Unrecognized Section 704(c) Gain or (Loss)
Beginning

.

.

.

.

.

.

.

.

.$

Ending .

.

.

.

.

.

.

.

.

.$

For Paperwork Reduction Act Notice, see Instructions for Form 8865. www.irs.gov/Form8865

Cat. No. 28396B

Schedule K-1 (Form 8865) 2025 Created 3/27/25

DRAFT — DO NOT FILE

DRAFT — DO NOT FILE

B

Information About the Partnership

Amended K-1