1065 Schedule K-1 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 1065)
Department of the Treasury
Internal Revenue Service

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

/

2025

/

/

ending

/

Partner’s Share of Income, Deductions,
See separate instructions.
Credits, etc.
A

Ordinary business income (loss)

14

Self-employment earnings (loss)

2

Net rental real estate income (loss)

3

Other net rental income (loss)

15

Credits

Information About the Partnership

4a

Guaranteed payments for services

4b

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

18

Tax-exempt income and
nondeductible expenses

Partnership’s employer identification number

B

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

C

IRS center where partnership filed return:

D

Check if this is a publicly traded partnership (PTP)

Part II
E
F

G
H1
H2

Information About the Partner

Partner’s SSN or TIN (Do not use TIN of a disregarded entity. See instructions.)

INTERNAL USE ONLY
DRAFT AS OF
February 26, 2025
General partner or LLC
member-manager
Domestic partner

I2
J

Dividend equivalents

7

Royalties

Limited partner or other LLC
member

8

Net short-term capital gain (loss)

Foreign partner

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)

12

Section 179 deduction

13

Other deductions

19

Distributions

20

Other information

21

Foreign taxes paid or accrued

If the partner is a disregarded entity (DE), enter the partner’s:

TIN

I1

6c

Name, address, city, state, and ZIP code for partner entered in E. See instructions.

Name

What type of entity is this partner?

If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here

.

Partner’s share of profit, loss, and capital (see instructions):
Beginning
Ending
Profit

%

%

Loss

%

%

Capital

%

%

Check if decrease is due to:
Exchange of partnership interest. See instructions.

Partner’s share of liabilities:
Beginning
Nonrecourse

$

$

Qualified nonrecourse
financing . . .

$

$

Recourse

$

$

.

.

.

.

Ending

.

K2

Check this box if item K1 includes liability amounts from lower-tier partnerships

K3

Check if any of the above liability is subject to guarantees or other
payment obligations by the partner. See instructions . . . . .
Partner’s Capital Account Analysis

L

Beginning capital account

.

.

.

$

Capital contributed during the year .

.

$

Current year net income (loss) .

.

$

.

M

.

.

$(

Ending capital account

.

.

$

.

Did the partner contribute property with a built-in gain (loss)?
Yes

N

.

No

If “Yes,” attach statement. See instructions.

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

.

.

.

.

.

.

.

.

$

Ending .

.

.

.

.

.

.

.

.

$

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

More than one activity for at-risk purposes*

23

More than one activity for passive activity purposes*

*See attached statement for additional information.

Other increase (decrease) (attach explanation) $
Withdrawals and distributions .

22

)

For IRS Use Only

Sale or
K1

www.irs.gov/Form1065

Cat. No. 11394R

Schedule K-1 (Form 1065) 2025

DRAFT — DO NOT FILE

DRAFT — DO NOT FILE

1
For calendar year 2025, or tax year

beginning

Part I

651123
OMB No. 1545-0123

Amended K-1