California Partner's Share of Income, Deductions, Credits, etc. (Fill-in)

Partner's Share of Income, Deductions, Credits, etc. (Fill-in)
2023 California Schedule K-1 (565) Partner’s Share of Income, Deductions, Credits, etc.
TAXABLE YEAR

2023

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

CALIFORNIA SCHEDULE

K-1 (565)

For calendar year 2023 or fiscal year beginning

and ending
(m m / d d / y

y

y

y)

.
(m m / d d / y

Partner's name

y

y

y)

Partner's identifying number

Address
City

Partnership's FEIN

State

ZIP code

State

ZIP code

California Secretary of State file number

Partnership's name

Address

City



 limited partner?

A Is this partner a: • (1)
 general partner; or (2)
B What type of entity is this partner? • See instructions.
(1)
(2)
(3)

• Individual
• S Corporation
• Estate/Trust

(4)
(5)
(6)

• C Corporation
• General Partnership
• Limited Partnership

(7)
(8)
(9)

• LLP
• LLC
• IRA/Keogh/SEP

(10)
(11a)

• Exempt Organization
• Disregarded Entity (DE)

(11b) DE owner’s name ________________
(11c) DE owner’s TIN _________________

 Yes  No

C Is this partner a foreign partner? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 
D Enter partner’s percentage (without regard to special allocations) of:

(i) Beginning

(ii) Ending

Profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.

%

•

.

%

Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.

%

•

.

%

Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.

%

•

.

%



Check if decreases is due to: 



Sale or 

Exchange of partnership interest.

E Partner’s share of liabilities:

(i) Beginning

(ii) Ending

Nonrecourse. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

. 00 • $

. 00

Qualified nonrecourse financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

.

•$

. 00

Recourse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

. 00 • $

. 00

00

•
Check if any of the above liability is subject to guarantees or other payment obligations by the partner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •

Check the box if Item E includes liability amounts from lower tier partnerships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F Reportable transaction or tax shelter registration number(s) •

For Privacy Notice, get FTB 1131 EN-SP

7891233

Schedule K-1 (565) 2023 Side 1

Partner's name

Partner's identifying number

G (1) Check here if this is a publicly traded partnership as defined in IRC Section 469(k)(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
(2) Check here if this is an investment partnership (R&TC Sections 17955 and 23040.1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
H Check here if this is:

•

(1)

 A final Schedule K-1 (565)

(2)

 An amended Schedule K-1 (565)

•  Yes
. . . . . . . . . . . . .  • Yes

I Is this partner a resident of California? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
J Did this partner contribute property with a built-in gain or loss? If “Yes” attach statement. See instructions.

K Partner’s share of net unrecognized IRC Section 704(c) gain or (loss) . . . . . . . . . . (i) Beginning _______________




 No

▶ 

• No

(ii) Ending _______________

L Analysis of partner's tax basis capital account:
(a)
Capital account at beginning
of year

(b)
(c)
Capital contributed during year Current year net income (loss)

•

•

(d)
Other increase (decrease)
(attach explanation)

•

(e)
Withdrawals and distributions

(f)
Capital account at end of year,
combine column (a) through
column (e)

•(

•

)

Caution: Refer to Partner’s Instructions for Schedule K-1 (565) before entering information from this schedule on your California return.
(a)
Distributive share items

(b)
Amounts from federal
Schedule K-1 (Form 1065)

(c)
California adjustments

(d)
Total amounts using
California law. Combine
col. (b) and col. (c)

(e)
California
source amounts
and credits

1 Ordinary income (loss) from trade or
business activities . . . . . . . . . . . . . . . . . . . . . . . .

•

▶

2 Net income (loss) from rental real
estate activities . . . . . . . . . . . . . . . . . . . . . . . . . .

•

▶

•

•

4 c Total guaranteed payments . . . . . . . . . . . . . . . . .

•

▶

5 Interest income . . . . . . . . . . . . . . . . . . . . . . . . .

•

▶

6 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

•

▶

7 Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

•

▶

8 Net short-term capital gain (loss) . . . . . . . . . . . .

•

▶

9 Net long-term capital gain (loss) . . . . . . . . . . . .

•

▶

10 a Total gain under IRC Section 1231
(other than due to casualty or theft) . . . . . . .

•

▶

b Total loss under IRC Section 1231
other than due to casualty or theft) . . . . . . .

•

▶

11 a Other portfolio income (loss). Attach schedule

•

▶

b Total other income. Attach schedule . . . . . .

•

▶

c Total other loss. Attach schedule . . . . . . . . .

•

▶

3 Net income (loss) from other rental activities . .
4 a Guaranteed payments for services . . . . . . . . .

Income (Loss)

4 b Guaranteed payments for capital . . . . . . . . . . . . .

Side 2 Schedule K-1 (565) 2023

7892233

Partner's name

Partner's identifying number

(a)
Distributive share items

12

(b )
(c)
Amounts from federal
California adjustments
Schedule K-1 (Form 1065)

(d)
Total amounts using
California law. Combine
col. (b) and col. (c)

(e)
California
source amounts
and credits

Expense deduction for recovery property
(IRC Section 179) . . . . . . . . . . . . . . . . . . . .

13 a Cash contributions . . . . . . . . . . . . . . . . . . . .
Deductions

b Noncash contributions . . . . . . . . . . . . . . . . .
c Investment interest expense . . . . . . . . . . . .
d 1 Total expenditures to which an IRC
Section 59(e) election may apply.. . . . . . . .
2 Type of expenditures ________________.
e Deductions related to portfolio income . . . . .
f Other deductions. Attach schedule . . . . . . . .
15 a Total withholding (equals amount on
Form 592-B if calendar year partnership) . . .

▶

b Low-income housing credit . . . . . . . . . . . . .
c Credits other than line 15b related to rental
real estate activities. . . . . . . . . . . . . . . . . . . .

Credits
Expenses

Tax-exempt Income

Distributions and Nondeductible Alternative Minimum Tax (AMT) Items

Other
Information

•

d Credits related to other rental activities. . . . .
e Nonconsenting nonresident members’
tax allocated to partner . . . . . . . . . . . . . . . . .
f Other credits – Attach required schedules
or statements . . . . . . . . . . . . . . . . . . . . . . . .
17 a Depreciation adjustment on property placed
in service after 1986 . . . . . . . . . . . . . . . . . . .
b Adjusted gain or loss . . . . . . . . . . . . . . . . . .
c Depletion (other than oil & gas) . . . . . . . . . .
d Gross income from oil, gas, and
geothermal properties . . . . . . . . . . . . . . . . . .
e Deductions allocable to oil, gas, and
geothermal properties . . . . . . . . . . . . . . . . . .
f Other alternative minimum tax items. . . . . . .
18 a Tax-exempt interest income . . . . . . . . . . . . .
b Other tax-exempt income . . . . . . . . . . . . . . .
c Nondeductible expenses . . . . . . . . . . . . . . . .
19 a Distributions of money (cash and
marketable securities) . . . . . . . . . . . . . . . . . .
b Distributions of property other than money . .
20 a Investment income . . . . . . . . . . . . . . . . . . . .
b Investment expenses . . . . . . . . . . . . . . . . . .
c Other information. See instructions . . . . . . .
21
22

•
•

More than one activity for at-risk purposes. See instructions.
More than one activity for passive activity purposes. See instructions.

7893233

Schedule K-1 (565) 2023 Side 3

Partner's name

Partner's identifying number

Other Partner Information
Table 1 — Partner's share of nonbusiness income from intangibles (source of income is dependent on residence or commercial domicile of the partner):
Interest . . . .$

Sec. 1231 Gains/Losses . . . $

Capital Gains/Losses. . . . . $

Dividends . .$

Royalties . . . . . . . . . . . . . . . $

Other . . . . . . . . . . . . . . . . $

FOR USE BY PARTNERS ONLY – See instructions.
Table 2 — Partner's share of distributive items.
A. Partner's share of the partnership's business income. See instructions. $
B. Partner's share of nonbusiness income from real and tangible personal property sourced or allocable to California.
Capital Gains/Losses . . . . . . . .$

Rents/Royalties . . . .$

Sec. 1231 Gains/Losses. . . . . .$

Other . . . . . . . . . . . .$

C. Partner's distributive share of the partnership's property, payroll, and sales:
Factors

Total within and outside California

Total within California

Property: Beginning . . . . . . . . . . . . . . . . . . . . $

$

Property: Ending . . . . . . . . . . . . . . . . . . . . . . . $

$

Property: Annual rent expense . . . . . . . . . . . . $

$

Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

$

Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

$

Table 3 — Partner’s share of cost of goods sold, deductions, and rental income.
Enter only amounts used to determine income (loss) derived from and attributable to California sources. All amounts entered on this table are first
multiplied by the appropriate percentage in Item D (ii) end of year partner’s profit and loss percentage on Side 1. See the partnership Schedule K-1
instructions for information on how to obtain the amounts below.
1. Schedule K, line 1, column (d), Ordinary income (loss) from trade or business activities:
a. Enter as a positive amount the cost of goods sold used to determine the amount on Schedule K, line 1, column (d),
plus the total amounts on line 1a of Table 3 from all Schedule K-1s (565) this partnership received . . . . . . . . . . . . . . . $
b. Enter as a positive amount the total deductions used to determine the amount on Schedule K, line 1, column (d),
plus the total amounts on line 1b of Table 3 from all Schedule K-1s (565) this partnership received . . . . . . . . . . . . . . . $
2. Enter the total gross rents from line 18a of federal Form 8825 as adjusted for California law differences, plus the
total amounts on line 2 of Table 3 from all Schedule K-1s (565) this partnership received . . . . . . . . . . . . . . . . . . . . . . . . . $
3. Enter the gross income (loss) from other rental activities from Schedule K, line 3a, column (d), plus the total amounts
on line 3 of Table 3 from all Schedule K-1s (565) this partnership received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$

Side 4 Schedule K-1 (565) 2023

7894233