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Alabama Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1)
Extracted from PDF file 2024-alabama-schedule-k1-form-65.pdf, last modified August 2019Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1)
SCHEDULE K-1 Reset Form (Form 65) *24000765* PART I A B SEE INSTRUCTIONS Information About the Partnership PART III Partnership’s Employer Identification Number Partnership’s name, address, city, state, and zip code •Partner’s Name •City •State 1. • Limited partner or other LLC • General partner or LLC member manager 2. •What type of entity is this partner? •Zip member • Nominee Profit % . . . • Loss % . . . • Capital % . .• 5. Partner’s share of liabilities at year end: Nonrecourse . . . . . . . . . . . . . . . . . . . • $ Qualified nonrecourse financing. . . . • $ Recourse. . . . . . . . . . . . . . . . . . . . . • $ G 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 . . . . . . . . . . . . . . . • $ Entity Apportionment Percentage Alabama Everywhere Sales . . • Total apportionment percentage . . . . . . . . . . . . . • Credits from Schedule PC Code •1. •2. •3. Ordinary income (loss) . . . . . . . . . •H •H2 Net rental real estate income (loss) •I •I2 Guaranteed payments. . . . . . . . . . •J •J2 Portfolio income. . . . . . . . . . . . . . . •K •K2 Net capital gain (loss) . . . . . . . . . . •L •L2 Other income (loss). . . . . . . . . . . . •M •M2 Nonbusiness items . . . . . . . . . . . . •N •N2 Section 179 Deduction . . . . . . . . . •O •O2 • Nondeductible 3. If this partner is a retirement plan (IRA/SEP/etc.) check here • 4. Partner’s share of profit, loss, and capital: Beginning Ending F Distributive share to be reported by Alabama Residents • QIP Exempt Income •Street E • Amended K-1 Partner’s Share of Current Year Income, Deductions, Credits, and Other Items Distributive share allocated and apportioned to Alabama PART II Information About the Partner •Partner’s identifying number (Do not use TIN of a disregarded entity) 2024 • Final K-1 Tax year beginning _________________, 2024 and ending _________________, 20_____ C D Income tAx ADmInIstrAtIon DIvIsIon owner’s share of Income, Deductions, credits, etc. • Electing Pass-Through Entity • QIP AlAbAmA DepArtment of revenue ) Contributions . . . . . . . . . . . . . . . . . •P •P2 Investment interest expense . . . . . •Q •Q2 Other deductions. . . . . . . . . . . . . . •R •R2 Oil and gas depletion . . . . . . . . . . •S •S2 Casualty losses . . . . . . . . . . . . . . . •T •T2 Tax-exempt income. . . . . . . . . . . . •U •U2 Nondeductible expenses. . . . . . . . •V •V2 Distributions. . . . . . . . . . . . . . . . . . •W •W2 Investment income . . . . . . . . . . . . •X •X2 Investment expenses . . . . . . . . . . •Y •Y2 Other items and amounts . . . . . . . •Z •Z2 • Nondeductible Composite Payment/Electing Pass-Through Entity Credit . . . . . . •AA • NRC-Exempt Maximum Allowable ADOR
Schedule K1 (Form 65)
More about the Alabama Schedule K1 (Form 65) Corporate Income Tax TY 2024
We last updated the Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1) in February 2025, so this is the latest version of Schedule K1 (Form 65), fully updated for tax year 2024. You can download or print current or past-year PDFs of Schedule K1 (Form 65) directly from TaxFormFinder. You can print other Alabama tax forms here.
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TaxFormFinder has an additional 47 Alabama income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form PTE-V (Obsolete) | Pass Through Entities Payment Voucher |
| Form FDT-V | Fiduciary Income Tax Payment Voucher |
| Schedule AB | Add-Back Form with Instructions (Required by 810-3-35-.02, Restrictions on the Deductibility of Certain Intangible Expenses and Costs and Interest Exp |
| Form 20C | Alabama Corporation Income Tax Return |
| Schedule AATC | Alabama Accountability Tax Credit |
View all 48 Alabama Income Tax Forms
Form Sources:
Alabama usually releases forms for the current tax year between January and April. We last updated Alabama Schedule K1 (Form 65) from the Department of Revenue in February 2025.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Alabama Schedule K1 (Form 65)
We have a total of thirteen past-year versions of Schedule K1 (Form 65) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2017 Schedule K1 (Form 65)
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2016 Schedule K1 (Form 65)
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2015 Schedule K1 (Form 65)
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2014 Schedule K1 (Form 65)
#10 Comm. Office
2013 Schedule K1 (Form 65)
Sch K-1 TY 2005
2012 Schedule K1 (Form 65)
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2011 Schedule K1 (Form 65)
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