Partner’s Share of Income, Deductions, Credits, etc.

Form 1065sk: Partner’s Share of Income, Deductions, Credits, etc.

Use Tax Form 1065sk: Partner’s Share of Income, Deductions, Credits, etc. as a stand alone tax form calculator to quickly calculate specific amounts for your 2023 tax return. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.

Partner’s Share of Income, Deductions, Credits, etc.
Part I Information About the Partnership
A	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 Information About the Partner
E	Partner’s identifying number
F	Partner’s name, address, city, state, and ZIP code
G	General partner or LLC member-manager Limited partner or other LLC member
H	Domestic partner Foreign partner
l1	What type of entity is this partner?
l2	If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here
J	Partner’s share of profit, loss, and capital (see instructions):
	Beginning	Ending
	Profit %	%
	Loss %	%
	Capital %	%
K	Partner’s share of liabilities at year end:
	Nonrecourse $
	Qualified nonrecourse financing $
	Recourse $
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 GAAP Section 704(b) book Other (explain)
M	Did the partner contribute property with a built-in gain or loss?
	Yes No
	Part III Partner’s Share of Current Year Income, Deductions, Credits, and Other Items
1	Ordinary business income (loss)
2	Net rental real estate income (loss)
3	Other net rental income (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)
12	Section 179 deduction
13	Other deductions
14	Self-employment earnings (loss)
15	Credits
16	Foreign transactions
17	Alternative minimum tax (AMT) items
18	Tax-exempt income and nondeductible expenses
19	Distributions
20	Other information

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