Form 565 Schedule K-1 "Partner's Share of Income, Deductions, Credits, Etc." - California

Form 565 or the "Schedule K-1 (565) - Partner's Share Of Income, Deductions, Credits, Etc." is a form issued by the California Franchise Tax Board.

Download a fillable PDF version of the Form 565 down below or find it on the California Franchise Tax Board Forms website.

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Partner’s Share of Income,
TAXABLE YEAR
CALIFORNIA SCHEDULE
K-1 (565)
2017
Deductions, Credits, etc.
For calendar year 2017 or fiscal year beginning
and ending
.
(m m / d d / y y y y)
(m m / d d / y y y y)
Partner's name
Partner's identifying number
Address
City
State
ZIP code
Partnership's FEIN
California Secretary of State file number
Partnership's name
Address
City
State
ZIP code
 
A Is this partner a:
(1)
general partner; or (2)
limited partner?
B What type of entity is this partner?
See instructions.
(1)
 Individual
(4)
 C Corporation
(7)
 LLP
(10)
 Exempt Organization
 S Corporation
 General Partnership
 LLC
 Disregarded Entity
(2)
(5)
(8)
(11)
(3)
 Estate/Trust
(6)
 Limited Partnership
(9)
 IRA/Keogh/SEP
C Is this partner a foreign partner? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
D Enter partner’s percentage (without regard to special allocations) of:
(i) Before decrease or termination
(ii) End of year
.
.
Profit sharing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
%
%
.
.
Loss sharing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
%
%
.
.
Ownership of capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
%
%
E Partner’s share of liabilities:
.
Nonrecourse. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
 $
00
.
Qualified nonrecourse financing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
 $
00
.
 $
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
F Reportable transaction or tax shelter registration number(s)
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)
I Is this partner a resident of California? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes  
No
Schedule K-1 (565) 2017 Side 1
7891173
For Privacy Notice, get FTB 1131 ENG/SP.
Partner’s Share of Income,
TAXABLE YEAR
CALIFORNIA SCHEDULE
K-1 (565)
2017
Deductions, Credits, etc.
For calendar year 2017 or fiscal year beginning
and ending
.
(m m / d d / y y y y)
(m m / d d / y y y y)
Partner's name
Partner's identifying number
Address
City
State
ZIP code
Partnership's FEIN
California Secretary of State file number
Partnership's name
Address
City
State
ZIP code
 
A Is this partner a:
(1)
general partner; or (2)
limited partner?
B What type of entity is this partner?
See instructions.
(1)
 Individual
(4)
 C Corporation
(7)
 LLP
(10)
 Exempt Organization
 S Corporation
 General Partnership
 LLC
 Disregarded Entity
(2)
(5)
(8)
(11)
(3)
 Estate/Trust
(6)
 Limited Partnership
(9)
 IRA/Keogh/SEP
C Is this partner a foreign partner? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
D Enter partner’s percentage (without regard to special allocations) of:
(i) Before decrease or termination
(ii) End of year
.
.
Profit sharing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
%
%
.
.
Loss sharing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
%
%
.
.
Ownership of capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
%
%
E Partner’s share of liabilities:
.
Nonrecourse. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
 $
00
.
Qualified nonrecourse financing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
 $
00
.
 $
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
F Reportable transaction or tax shelter registration number(s)
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)
I Is this partner a resident of California? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes  
No
Schedule K-1 (565) 2017 Side 1
7891173
For Privacy Notice, get FTB 1131 ENG/SP.
Partner's name
Partner's identifying number
J
Analysis of partner’s capital account: Check the box
(1)
Tax Basis (2)
GAAP (3)
Section 704(b) Book (4)
Other (explain)
(a)
(b)
(c)
(e)
(d)
Capital account at beginning of year
Capital contributed during year
Partner’s share of line 3, line 4, and
Capital account at end of year,
Withdrawals and distributions
line 7, Form 565, Schedule M-2
combine column (a) through column (d)
(
)
Caution: Refer to Partner’s Instructions for Schedule K-1 (565) before entering information from this schedule on your California return.
(a)
(b)
(c)
(d)
(e)
Distributive share items
Amounts from
California adjustments
Total amounts using
California
federal Schedule K-1
California law. Combine
source amounts
(1065)
col. (b) and col. (c)
and credits
1 Ordinary income (loss) from trade or
business activities . . . . . . . . . . . . . . . . . . . . . . . . .
2 Net income (loss) from rental real estate activities.
3 Net income (loss) from other rental activities. . . . .
4 Guaranteed payments to partners. . . . . . . . . . . . . .
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 . . . . . . . . . . . .
12 Expense deduction for recovery property
(IRC Section 179) . . . . . . . . . . . . . . . . . . . . . . . .
13 a Charitable contributions. . . . . . . . . . . . . . . . . .
b Investment interest expense . . . . . . . . . . . . . .
c 1 Total expenditures to which an IRC
Section 59(e) election may apply
2 Type of expenditures _________________ .
d Deductions related to portfolio income . . . . . .
e Other deductions. Attach schedule. . . . . . . . . .
Side 2 Schedule K-1 (565) 2017
7892173
Partner's name
Partner's identifying number
(a)
(b )
(c)
(d)
(e)
Distributive share items
Amounts from
California adjustments
Total amounts using
California
federal Schedule K-1
California law. Combine
source amounts
(1065)
col. (b) and col. (c)
and credits
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 . . . . . . . . . . . . . . . . . . . . .
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 . . . . . . . . .
Schedule K-1 (565) 2017 Side 3
7893173
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 sharing 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) 2017
7894173
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