IRS Form 1065 Schedule B-1 "Information on Partners Owning 50% or More of the Partnership"

What Is IRS Form 1065 Schedule B-1?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on August 1, 2019. As of today, no separate filing guidelines for the form are provided by the IRS.

Form Details:

  • A 2-page form available for download in PDF;
  • Actual and valid for filing 2020 taxes;
  • Additional instructions and information can be found on page 2 of the document;
  • Editable, printable, and free;
  • Fill out the form in our online filing application.

Download a fillable version of IRS Form 1065 Schedule B-1 through the link below or browse more documents in our library of IRS Forms.

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Download IRS Form 1065 Schedule B-1 "Information on Partners Owning 50% or More of the Partnership"

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Information on Partners Owning 50% or
SCHEDULE B-1
(Form 1065)
More of the Partnership
OMB No. 1545-0123
(Rev. August 2019)
Attach to Form 1065.
Department of the Treasury
Go to www.irs.gov/Form1065 for the latest information.
Internal Revenue Service
Name of partnership
Employer identification number (EIN)
Entities Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 2a (Question 3a for
Part I
2009 through 2017))
Complete columns (i) through (v) below for any foreign or domestic corporation, partnership (including any entity treated as a
partnership), trust, tax-exempt organization, or any foreign government that owns, directly or indirectly, an interest of 50% or more in
the profit, loss, or capital of the partnership (see instructions).
(v) Maximum
(ii) Employer
(iv)
Percentage Owned
(i) Name of Entity
Identification Number
(iii) Type of Entity
Country of Organization
in Profit, Loss,
(if any)
or Capital
Part II
Individuals or Estates Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 2b
(Question 3b for 2009 through 2017))
Complete columns (i) through (iv) below for any individual or estate that owns, directly or indirectly, an interest of 50% or more in the
profit, loss, or capital of the partnership (see instructions).
(iv) Maximum
(ii) Identifying Number
Percentage Owned in
(i) Name of Individual or Estate
(iii) Country of Citizenship (see instructions)
(if any)
Profit, Loss,
or Capital
For Paperwork Reduction Act Notice, see the Instructions for Form 1065.
Cat. No. 49842K
Schedule B-1 (Form 1065) (Rev. 8-2019)
Information on Partners Owning 50% or
SCHEDULE B-1
(Form 1065)
More of the Partnership
OMB No. 1545-0123
(Rev. August 2019)
Attach to Form 1065.
Department of the Treasury
Go to www.irs.gov/Form1065 for the latest information.
Internal Revenue Service
Name of partnership
Employer identification number (EIN)
Entities Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 2a (Question 3a for
Part I
2009 through 2017))
Complete columns (i) through (v) below for any foreign or domestic corporation, partnership (including any entity treated as a
partnership), trust, tax-exempt organization, or any foreign government that owns, directly or indirectly, an interest of 50% or more in
the profit, loss, or capital of the partnership (see instructions).
(v) Maximum
(ii) Employer
(iv)
Percentage Owned
(i) Name of Entity
Identification Number
(iii) Type of Entity
Country of Organization
in Profit, Loss,
(if any)
or Capital
Part II
Individuals or Estates Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 2b
(Question 3b for 2009 through 2017))
Complete columns (i) through (iv) below for any individual or estate that owns, directly or indirectly, an interest of 50% or more in the
profit, loss, or capital of the partnership (see instructions).
(iv) Maximum
(ii) Identifying Number
Percentage Owned in
(i) Name of Individual or Estate
(iii) Country of Citizenship (see instructions)
(if any)
Profit, Loss,
or Capital
For Paperwork Reduction Act Notice, see the Instructions for Form 1065.
Cat. No. 49842K
Schedule B-1 (Form 1065) (Rev. 8-2019)
2
Schedule B-1 (Form 1065) (Rev. 8-2019)
Page
General Instructions
Example 1. Corporation A owns, directly, an interest of 50%
in the profit, loss, or capital of Partnership B. Corporation A
Section references are to the Internal Revenue Code unless
also owns, directly, an interest of 15% in the profit, loss, or
otherwise noted.
capital of Partnership C. Partnership B owns, directly, an
interest of 70% in the profit, loss, or capital of Partnership C.
Future Developments
Therefore, Corporation A owns, directly or indirectly, an
interest of 50% in the profit, loss, or capital of Partnership C
For the latest information about developments related to
(15% directly and 35% indirectly through Partnership B). On
Schedule B-1 (Form 1065) and its instructions, such as
Partnership C’s Form 1065, it must answer “Yes” to question
legislation enacted after the form and instructions were
2a (question 3a for 2009 through 2017) of Schedule B.
published, go to www.irs.gov/Form1065.
Partnership C must also complete Part I of Schedule B-1. In
Purpose of Form
Part I, Partnership C must identify Corporation A, which includes
entering “50%” in column (v) (its maximum percentage owned).
Use Schedule B-1 (Form 1065) to provide the information
It also must identify Partnership B, and enter “70%” in column
applicable to certain entities, individuals, and estates that own,
(v).
directly or indirectly, an interest of 50% or more in the profit,
Part II
loss, or capital of the partnership.
Who Must File
Complete Part II if the partnership answered “Yes” to Form
1065, Schedule B, question 2b (question 3b for 2009 through
Schedule B-1 (Form 1065) must be filed by all partnerships that
2017). List each individual or estate owning, directly or
answer “Yes” to question 2a or question 2b (question 3a or
indirectly, an interest of 50% or more in the profit, loss, or
question 3b for 2009 through 2017) on Form 1065, Schedule B.
capital of the partnership at the end of the tax year. Enter the
Attach Schedule B-1 to Form 1065.
name, social security or employer identification number, country
of citizenship (for an estate, the citizenship of the decedent),
Specific Instructions
and the maximum percentage interests owned, directly or
indirectly, in the profit, loss, or capital of the partnership.
Part I
Example 2. A owns, directly, 50% of the profit, loss, or capital
Complete Part I if the partnership answered “Yes” to Form
of Partnership X. B, the daughter of A, does not own, directly,
1065, Schedule B, question 2a (question 3a for 2009 through
any interest in X and does not own, indirectly, any interest in X
2017). List each corporation, partnership, trust, tax-exempt
through any entity (corporation, partnership, trust, or estate).
organization, or foreign government owning, directly or
Because family attribution rules apply only when an individual
indirectly, an interest of 50% or more in the profit, loss, or
(in this example, B) owns a direct interest in the partnership or
capital of the partnership at the end of the tax year. Enter the
an indirect interest through another entity, A’s interest in
name, EIN, type of entity (corporation, partnership, trust, tax-
Partnership X is not attributable to B. On Partnership X’s Form
exempt organization, or foreign government), country of
1065, it must answer “Yes” to question 2b (question 3b for 2009
organization, and the maximum percentage interests owned,
through 2017) of Schedule B. Partnership X must also complete
directly or indirectly, in the profit, loss, or capital of the
Part II of Schedule B-1. In Part II, Partnership X must identify A,
partnership. For an affiliated group filing a consolidated tax
which includes entering “50%” in column (iv). Partnership X will
return, list the parent corporation rather than the subsidiary
not identify B in Part II.
members. List the entity owner of a disregarded entity rather
than the disregarded entity. If the owner of a disregarded entity
is an individual rather than an entity, list the individual in Part II.
In the case of a tax-exempt organization, enter “tax-exempt
organization” in column (iii).
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