TaxFormFinder
Pennsylvania Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
Extracted from PDF file 2023-pennsylvania-form-rev-999.pdf, last modified May 2008Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
REV-999 PT (08-12) Partner’s Outside Tax Basis in a Partnership Worksheet Partnership Name: EIN: Partner’s Name: Tax Year: SSN: Partner’s Outside Basis 1. Partner’s Outside Basis at Beginning of Year* 1 INCREASES TO PARTNER’S BASIS 2. Partner’s Contributions: 2a Cash 2b Property (adjusted value) 2c Services (fair market value – if taxed) 2a 2b 2c 3. Increase in Partner’s Assumption of Partnership Liabilities 3 4. Partner’s Distributive Share of Income 4a Interest income (resident only) 4b Dividend income (resident only) 4c Net income from the operation of a business, profession or farm 4d Net income from rents, royalties, copyrights and patents 4e Net gain from sale, exchange or disposition of property 4f Other classes of income (excluding gross compensation) 4g Non-taxable income 4h Other increases to basis (Submit detailed statement.) 4a 4b 4c 4d 4e 4f 4g 4h 5. Total Increases to Partner’s Basis (Add Lines 2a through 4h.) 5 DECREASES TO PARTNER’S BASIS 6. Decreases for Non-Taxable Distributions 6a Non-taxable cash distributions 6b Non-taxable property distributions 6c Decrease in share of partnership liabilities TOTAL NON-TAXABLE DISTRIBUTIONS (Add Lines 6a through Line 6c.) 7. Partner’s Basis after Distributions Notes: Basis cannot be less than zero due to distributions. Distributions in excess of basis are taxed as gains for PA purposes. 7a Line 1 + Line 5 + Line 6 7b If Line 7a is $0 or greater, then Line 7 = Line 7a, and Line 7c = $0 (go to Line 8) 7c If Line 7a is less than $0, then Line 7 = $0, and Line 7c = Line 7a 7d Enter Line 7c on PA-40 Schedule D, Line 8 PARTNER’S SHARE OF DISTRIBUTIVE LOSSES 6a ( 6b ( 6c ( ) ) ) 6 ( ) 7a 7c 7 ** 8. Net Loss from the Operation of a Business, Profession or Farm 8a Net loss from the operation of a business, profession or farm from RK-1/NRK-1 8b Partner’s utilized loss (amount of Line 8a loss used to offset PA-40 in-class income) 8c Partner’s share of straight-line depreciation If Line 8a = Line 8b, then Line 8 = Line 8a If Line 8b = $0, then Line 8 = Line 8c If neither of the above apply, then Line 8 = 8b + {[(8a - 8b)/8a] x 8c} 8a ( 8b ( 8c ( ) ) ) 8 ( ) 9 ( ) 10 ( ) 11. Total Share of Partner’s Distributed Losses (Add Lines 8, 9 and 10.) 11 ( ) 12. Decrease for PA Business Credits 12 ( ) 13. Total Other Decreases to Basis, Including Nondeductible Expenses (Submit detailed statement.) 13 ( ) 14. Partner’s Ending Outside Basis (Add Lines 7, 11, 12 and 13.) Cannot be less than zero 14 9. Net Loss from Rents, Royalties, Copyrights and Patents 9a Net loss from rents, royalties, copyrights and patents from RK-1/NRK-1 9b Partner’s utilized loss (amount of Line 9a loss used to offset PA-40 in-class income) 9c Partner’s share of straight-line depreciation If Line 9a = Line 9b, then Line 9 = Line 9a If Line 9b = $0, then Line 9 = Line 9c If neither of the above apply, then Line 9 = 9b + {[(9a - 9b)/9a] x 9c} 10. Net Loss from Sale, Exchange or Disposition of Property 10a Net loss from sale, exchange or disposition of property from RK-1/NRK-1 10b Partner’s utilized loss (amount of Line 10a loss used to offset PA-40 in-class income) Line 10 = 10b 9a ( 9b ( 9c ( 10a ( 10b ( ) ) ) ) ) *Enter prior year ending basis or zero if it is the first year. **PA law requires a partnership to depreciate property by a minimum amount it determines using the straight-line method even if the depreciation calculated under this method does not provide any tax benefit. Tax benefit means that the partner reduces the PA tax liability or the tax liability to another state. Therefore, if a partner receives a distributable share of a loss and does not receive a benefit from the loss, the partner must still reduce the basis by the share of straight-line depreciation. However, if the partner only received a partial benefit from the loss, the partner must reduce the basis by (1) the loss utilized and (2) a portion of the partner’s share of straight-line depreciation. This is calculated by the unutilized loss divided by the total loss, multiplied by the partner’s share of straight-line depreciation. The partner must reduce the basis by the total loss if the partner receives full benefit of the loss. Reset Form RETURN TO TOP PRINT FORM
Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
More about the Pennsylvania Form REV-999 Corporate Income Tax TY 2023
We last updated the Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999) in February 2024, so this is the latest version of Form REV-999, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form REV-999 directly from TaxFormFinder. You can print other Pennsylvania tax forms here.
Other Pennsylvania Corporate Income Tax Forms:
TaxFormFinder has an additional 174 Pennsylvania income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form PA-41 | PA Fiduciary Income Tax Return |
| Form PA-40 ES (P/S/F) | PA-40 ES Partnership, PA S Corporation and Fiduciary - Declaration of Estimated Withholding Tax |
| Form RCT-127A | Public Utility Realty Tax Report |
| Form PA-20S-PA-65 | S Corporation/Partnership Information Return (PA-20S/PA-65) |
| Form RCT-900 | Public Utility Realty Report By Local Taxing Authorities |
View all 175 Pennsylvania Income Tax Forms
Form Sources:
Pennsylvania usually releases forms for the current tax year between January and April. We last updated Pennsylvania Form REV-999 from the Department of Revenue in February 2024.
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 Pennsylvania Form REV-999
We have a total of thirteen past-year versions of Form REV-999 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form REV-999
Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
2022 Form REV-999
Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
2021 Form REV-999
Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
2020 Form REV-999
Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
2019 Form REV-999
Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
2017 Form REV-999
Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
2016 Form REV-999
Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
2015 Form REV-999
Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
2014 Form REV-999
Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
2013 Form REV-999
Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
2012 Form REV-999
Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
2011 Form REV-999
Partner PA Outside Tax Basis in a Partnership Worksheet (REV-999)
TaxFormFinder Disclaimer:
While we do our best to keep our list of Pennsylvania Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.