Alabama Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1)

Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1)
Schedule K1 (Form 65)
SCHEDULE

K-1

Reset Form

(Form 65)

*23000765*

Income tAx ADmInIstrAtIon DIvIsIon

owner’s share of
Income, Deductions, credits, etc.

•  Electing Pass-Through Entity
•  QIP

AlAbAmA DepArtment of revenue

2023
•  Final K-1

SEE INSTRUCTIONS

Tax year beginning _________________, 2023 and ending _________________, 20_____

PART I

PART III

Information About the Partnership

A

Partnership’s Employer Identification Number

B

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

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

Distributive share allocated and
apportioned to Alabama
G

Ordinary income (loss)

Distributive share to be reported by
Alabama Residents
G2

•
H

Net rental real estate income (loss)

PART II
C

Information About the Partner

Partner’s identifying number (Do not use TIN of a disregarded entity)

J

Partner’s Name
K

•

L

City

State

•

•
•
•  Limited partner or other LLC

1. •

 General partner or LLC

member manager
2. What type of entity is this partner?

•

K2

member

M

4. Partner’s share of profit, loss, and capital:
Beginning
Ending
• Profit % _____________
• Profit %_____________
• Loss % _____________
• Loss % _____________
• Capital % ___________
• Capital % ___________
5. Partner’s share of liabilities at year end:
Nonrecourse • $
Qualified nonrecourse financing • $
Recourse • $
6. Check if partner is a nonresident • 
If a nonresident, provide state of legal residence •

7. Check if partner is a disregarded entity • 
• Partner’s Name
• FEIN
8. Partner’s capital account analysis:
Beginning capital account
•$
Capital contributed during the year
•$
Current year increase (decrease)
•$
Withdrawals and distributions
•$(
Ending capital account
•$
Credits from Schedule PC
Code
Maximum Allowable
•
1. •
•
2. •
•
3. •

Nonbusiness items

N

Section 179 Deduction

Contributions
Investment interest expense
Other deductions

O2

Oil and gas depletion
Casualty losses
Tax-exempt income
Nondeductible expenses
Distributions
Investment income
Investment expenses
Other items and amounts

•
Z

Distributions

•
W2

Investment income

•
X2

•
) Y

Nondeductible expenses

•
V2

•
X

Tax-exempt income

•
U2

•
W

Casualty losses

•
T2

•
V

Oil and gas depletion

•
S2

•
U

Other deductions

•
R2

•
T

Investment interest expense

•
Q2

•
S

Contributions

•
P2

•
R

Section 179 Deduction

•
•  Nondeductible

•
Q

Nonbusiness items

•
N2

•
P

Other income (loss)

•
M2

•
•  Nondeductible
O

Net capital gain (loss)

•
L2

•

• Nominee

•

Other income (loss)

•

Zip

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

F

Net capital gain (loss)

Portfolio income

•

•

Street

Guaranteed payments

•
J2

•
•  QIP Exempt Income

•

E

Portfolio income

Net rental real estate income (loss)

•
I2

•

•
D

Guaranteed payments

Ordinary income (loss)

•
H2

•
I

•  Amended K-1

Investment expenses

•
Y2

Other items and amounts

•

Composite Payment/Electing PassThrough Entity Credit

•
•  NRC-Exempt

ADOR