Alabama Partnership / Limited Liability Company Return of Income

Partnership / Limited Liability Company Return of Income
Form 65
FORM

Reset Form

65

*23000165*

Alabama
Department of Revenue

Partnership/Limited Liability Company Return of Income
Important

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PL86-272
Amended Return

FEDERAL BUSINESS CODE NUMBER

FEDERAL EMPLOYER IDENTIFICATION NUMBER

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1. Company operating
only in Alabama.
•  2. Multistate Company –
Apportionment (Sch. C).

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3. Multistate Company –
Separate Accounting
(Prior written approval
required and must be
attached) or Sch. B
non-business allocation
only.

Name of Company

Initial Return

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Final Return

General Partnership Number and Street

Suite

Limited Partnership

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LLC/LLP

City or Town

State

9 Digit ZIP Code

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Qualified Investment
Partnership

•  Public Housing
Project

Publicly Traded
Series LLC

2023

For Calendar Year 2023 or Fiscal Year
Filing Status: (see instructions)
beginning • _________________________________, 2023, and ending • ____________________________, _________


Check applicable box:

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52/53 Week •

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Federal Audit Change. . . . . . . . . . . . . . . . . . . . . . . . •



Check if the company qualifies for the Alabama
Enterprise Zone Credit or the Capital Credit . . . . . . . . . •



State in Which Company Was Formed

Nature of Business

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•  Electing Pass-Through
Entity

Number of Members
During the Tax Year. . . . . . . . . . . . . . •

Date Qualified in Alabama Number of Nonresident Members

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Included in Composite Filing . . . •

UNLESS A COPY OF FEDERAL FORM 1065 IS ATTACHED THIS RETURN IS INCOMPLETE
Caution. Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information.
1. a. Gross receipts or sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a •
b. Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b •
c. Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c •
2. Cost of goods sold (attach Federal Form 1125-A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 •

3.
4.
5.
6.
7.
8.
9.

Gross Profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ordinary income (loss) from other partnerships, estates, and trusts (from Schedule P, line 1d). . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net farm profit (loss) attach Schedule F (Federal Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net gain (loss) from Federal Form 4797, Part II, line 17 (attach Federal Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10.
11.
12.
13.
Federal Deduction 14.
15.
(see the
16.
instructions
for limitations)
17.
18.
19.
20.
21.

Guaranteed payments to partners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Rent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Taxes and licenses (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Federal Income

22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.

Other income (loss) (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total income (loss). Combine lines 3 through 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Salaries and wages (other than to partners) (less employments credits). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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15

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a. Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16a •
b. Less depreciation reported on Federal Form 1125-A and elsewhere on return 16b •
Depletion (do not deduct oil and gas depletion) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Retirement plans, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Employee benefits programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total deductions. Add the amounts shown in the far right column for lines 9 through 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16c •
17 •
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19 •
20 •
21 •
Federal ordinary business income (loss). Subtract line 21 from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 •
Alabama nonseparately stated Reconciliations (from Schedule A, line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 •
Federal ordinary business income (loss) adjusted to Alabama basis (add lines 22 and 23) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 •
Net nonbusiness income (loss) – Everywhere (from Schedule B, line 1d, Column E) enter income as negative and losses as positive . . . . . . . . . . . . 25 •
Apportionable income (add lines 24 and 25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 •
Alabama apportionment factor (from line 9, Schedule C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 •
Income (loss) apportioned to Alabama (multiply line 27 by line 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 •
Net nonbusiness income (loss) – Alabama (from Schedule B, line 1d, Column F) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 •
Small Business Health Insurance Premium Deduction (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 • (
Alabama ordinary income (loss) (add lines 28, 29, and 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 •
2017 Alabama Historic Rehabilitation Tax Credit (from Schedule PC, Part T, line 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 •
Railroad Modernization Act Credit (from Schedule PC, Part T, line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 •
Mail to: Alabama Department of Revenue, Income Tax Administration Division, P.O. Box 327441, Montgomery, AL 36132-7441

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ADOR

*23000265*

Form 65 — 2023

SCHEDULE A
Additions

Deductions

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7.
8.
9.
10.
11.

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(NONSEPARATELY STATED RECONCILIATION ADJUSTMENTS)
Related members interest or intangible expenses or costs from Schedule PAB (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . 1 •
Nondeductible Federal Depreciation (Economic Stimulus Act of 2008) (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 •
Other reconciling items (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 •
State income taxes not deductible . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 •
Contributions not deductible on state income tax return due to an election to claim a state tax credit . . . . . . . . . . . . . . . . . . . . . . . 5 •
Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 •
Expenses not deductible on federal income tax return due to election to claim federal tax credit. . . . . . . . . . . . . . . . . . . . . . . . . . . 7 •
Adjustments due to the Federal Economic Stimulus Act of 2008 (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 •
Other reconciling items (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 •
Total deductions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 •
Total reconciliation adjustments (subtract line 10 from line 6 above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 •
ALLOCATION OF NONBUSINESS INCOME, LOSS, AND EXPENSE

SCHEDULE B

Identify by account name and amount all items of nonbusiness income, loss, and expense
removed from apportionable income and those items which are directly allocable to Alabama.
Adjustment(s) must also be made for any proration of expenses under Alabama Income Tax
Rule 810-27-1-.01, which states, “Any allowable deduction that is applicable to both business
DIRECTLY ALLOCABLE ITEMS

ALLOCABLE GROSS INCOME / LOSS
Column A
Everywhere

and nonbusiness income of the taxpayer shall be prorated to each class of income in determining income subject to tax as provided…” (See instructions).
Do not complete if entity operates exclusively in Alabama.
RELATED EXPENSE

Column B
Alabama

Column C
Everywhere

NET OF RELATED EXPENSE

Column D
Alabama

Column E
Everywhere
(Col. A less Col. C)

Column F
Alabama
(Col. B less Col. D)

Nonseparately stated items
1a
1b
1c

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1d Total (add lines 1a, 1b, and 1c)
Separately stated items
1e
1f
1g
1h Total (add lines 1e, 1f, and 1g)

Person to contact for information regarding this return:
Name: •
Telephone Number: • (

)

Email: •

Please
Sign
Here

• I authorize a representative of the Department of Revenue to discuss my return and attachments with my preparer.
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true,
correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
(
Signature of General Partner

Paid
Preparer’s
Use Only

Date

Preparer’s
Signature

Date

Firm’s Name
(or yours, if self employed) •

Telephone No.

Check if
self-employed

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•(

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Daytime Telephone No.

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Social Security No.
Preparer’s PTIN

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E.I. No.

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ZIP Code

Firm’s Address
Email Address
ADOR

*23000365*

Form 65 — 2023

Page

APPORTIONMENT FACTOR SCHEDULE – Do not complete if the entity operates exclusively in Alabama.
ALABAMA
EVERYWHERE
SALES
Gross receipts from sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 •
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Dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 •
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Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 •
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Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 •
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Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 •
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Gross proceeds from capital and ordinary gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 •
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Other •_______________________________________ (Federal 1065, line •______ ) 7 •
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Total Sales (add lines 1-7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8a •
8b •
8a/8b = ALABAMA APPORTIONMENT FACTOR (Enter here and on line 27, page 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

SCHEDULE C
1.
2.
3.
4.
5.
6.
7.
8.
9.

SCHEDULE D

9

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Full Ownership List the disregarded entities in which the taxpayer holds full ownership of 100%
Name of Entity

Income (Loss) From
All Sources

FEIN

AL
Source Income (Loss)

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SCHEDULE E

OTHER INFORMATION

•  incorporated
•  sold
1. Indicate if company has been •  dissolved
If company has been dissolved, sold, or incorporated, complete the following:
Nature of change
Name and address of new company, corporation, or owners
Check this box, if entity is exempt from BPT • 
2. Check if an Alabama business privilege tax return was filed for this entity • 
Enter entity’s net worth
If the privilege tax return was filed using a different FEIN, please provide the name and FEIN used to file the return.
NAME: •
FEIN: •
3. Taxpayer’s email address
4. Did any corporation, partnership, trust, individual, estate,or tax-exempt organization own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership?
•  Yes •  No If Yes, attach schedule of Partners owning 50% or more of the Partnership.
5. At the end of the tax year, did the partnership own directly 50% or more of the total voting power of all classes of stock entitled to vote of any corporation, or own 50% or more directly or indirectly, in the profit, loss, or capital in any partnership or in the beneficial interest of a trust?
•  Yes •  No If Yes, attach a schedule.

ADOR

Form 65 — 2023

*23000465*

Page

4

Multistate entities should not use Schedule K to allocate separately stated income. See instructions for Schedule B.

SCHEDULE K

INCOME (LOSS)
1. Alabama Ordinary income (loss) (page 1, line 31) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. a. Other gross rental income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3a •
b. Expenses from other rental activities (attach statement) . . . . . . . . . 3b •
4.
5.
6.
7.
8.

Federal
Amount (A)

Partners’ Distributive Share Items

Apportionment
Factor (B)

Apportioned
Amount (C)

Enter on Alabama
Schedule K-1

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Part III, Line G
Part III, Line H

c. Other net rental income (loss). Subtract 3b from line 3a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3c •
Guaranteed payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 •
Interest income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 •
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 •
Royalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 •
a. Short-term and long-term capital gain(loss) . . . . . . . . . . . . . . . . . . . 8a •
b. Opportunity Zone Investment(from Schedule OZ, line 4) . . . . . . . . . 8b •
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c. Exemption of gain under 40-18-8.1(Tech Company).. . . . . . . . . . . . . 8c • (

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Part III, Line H
Part III, Line I
Part III, Line J
Part III, Line J
Part III, Line J

8d •
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10 •
11

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Part III, Line K
Part III, Line K
Part III, Line L
Part III, Line M

12
13a
13b
14
15
16
17

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Part III, Line N
Part III, Line O
Part III, Line P
Part III, Line Q
Part III, Line R
Part III, Line S
Part III, Line M

18a
18b
18c
19a
19b
20a
20b
20c
21
22
23

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Part III, Line T
Part III, Line T
Part III, Line U
Part III, Line V
Part III, Line V
Part III, Line W
Part III, Line X
Part III, Line Y
Part II, Line F
Part III, Line Z
Part III, Line Z

d. Net short-term and long-term capital gain(loss) Add lines 8a, 8b and 8c.. . . . . . . . . . . . . . . . . . . . .
9. Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10. Other income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11. Nonbusiness items (attach schedule) (Schedule B, Column B, line 1h) . . . . . . . . . . . . . . . . . . . . . . . .
DEDUCTIONS
12. Section 179 deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13. a. Contributions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Investment interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14. Other deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15. Oil and gas depletion. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16. Casualty losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17. Nonbusiness items (attach schedule) (Schedule B, Column D, line 1h) . . . . . . . . . . . . . . . . . . . . . . . .
OTHER
18. a. Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Nondeductible expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19. a. Distributions of cash and marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Distributions of other property. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20. a. Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Investment expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Other items and amounts (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21. Total credits (attach Schedule PC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22. Composite payment made on behalf of owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23. Electing Pass-Through Entity Tax (Form EPT, line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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ADOR

Form 65 — 2023

*23000565*
Beginning of tax year
(a)
(b)

SCHEDULE L – BALANCE SHEET
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2a
2b
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5
6
7a
7b
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9a
9b
10a
10b
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12a
12b
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18
19a
19b
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Assets
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade notes and accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Less allowance for bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
U.S. government obligations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tax-exempt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other current assets (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . .
Loans to partners (or to persons related to partners) . . . . . . . . . . . . . . . . . .
Mortgage and real estate loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other investments (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Buildings and other depreciable assets. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Less accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depletable assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Less accumulated depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Land (net of any amortization). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Intangible assets (amortizable only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Less accumulated amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other assets (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities and Capital
Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mortgages, notes, bonds payable in less than 1 year . . . . . . . . . . . . . . . . .
Other current liabilities (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . .
All nonrecourse loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Loans from partners (or persons related to partners). . . . . . . . . . . . . . . . . .
Mortgages, notes, bonds payable in 1 year or more . . . . . . . . . . . . . . . . . .
Other liabilities (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Partners’ capital accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total Liabilities and Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Page
End of tax year
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ADOR

Form 65 — 2023

SCHEDULE P

*23000665*

Page

PARTNERSHIPS, TRUSTS, AND ESTATES
(c)
or

(e)
Ordinary Income From
Alabama Sources

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1 TOTAL INCOME OR (LOSS). Add the amounts in columns (d) and (e).
1 •
Enter the total here and include the amount from line 1d on page 1, line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

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us

Tr

Ordinary Income From
All Sources

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sh

er

rtn

(b)
Check One

(d)
Employer
Identification Number

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Pa

Ordinary income or (loss) from Partnerships, Trusts and Estates.
Name and Address

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Es

(a)

6