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Article #: 20054
The following table lists forms supported in the federal 1065 package and the screens used to complete them.
| Form | Description | Screen Link |
|---|---|---|
| General Information Screen (Resident State Only) | 2 | |
| Name, Address, General Info. | 1 | |
| 6252 | Installment Sale Income |
6252 6252 > “Part III” tab |
| Schedule B, Part II | Election Out of the Centralized Partnership Audit Regime | B2 |
| Tax and Payment | TAX | |
| 8996 | Qualified Opportunity Fund | 8996 |
| 8996 | QOZ Tract Numbers
On the Form 8996 – Qualified Opportunity Fund (Parts V and VI) screen, select from the Part V/VI drop list the form part to which data entered on this screen should flow. In the QOZ Tract No. column, enter the designated 11-digit census tract number. (To find this number, see IRS Notice 2018-48 (PDF), listed by state and county.) See Form 8996 and its instructions for more information. |
8996 8996 > Parts V and VI |
| 8997 | Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments | 8997 |
| 6478 | Biofuel Producer Credit | 6478 |
| 6781 | Gains and Losses From Section 1256 Contracts and Straddles | 6781 |
| 5884 | Work Opportunity Credit | 5884 |
| 4562 | Depreciation and Amortization (Including Information on Listed Property) |
4562 6 7 8 9 10 |
| Schedule F | Farm Income | F |
| 8825 | Rental Real Estate Income and Expenses of a Partnership or an S Corporation | 8825 |
| Short Year Elections | Year | |
| Schedule K, Line 3 | Other net rental income (loss)
Enter rental activities other than real estate on screen RENT (Rental Other than Real Estate). Net amounts flow to Schedule K, lines 3a and 3b. |
RENT |
| Schedule K, Line 4 | Guaranteed payments
Report guaranteed payments for services and for capital on screen DED (line 10 items). Lines 4a and 4b on screen K adjust those totals; use SA links to allocate among partners. Guaranteed payments on screens RENT and 8825 also flow to Schedule K, lines 4a and 4b. |
DED K RENT 8825 |
| Schedule K, Line 5 | Interest income
Enter interest income on screen INC. The Interest income field is an adjustment field and combines with interest from screens 6252 and K1P. Use the Income (Loss) tab of screen K to adjust Schedule K, line 5. |
INC 6252 K1P K |
| Schedule K, Line 7 | Royalties
Gross royalties on screen INC adjust amounts from screen K1P. When royalties are entered on screen 8825 (Royalties selected from the Type of property drop list), gross royalties flow to Schedule K, line 7, and expenses to line 13e; Drake Tax generates Wks PROY and K-1 Wks PROY in View/Print mode. |
INC 8825 K1P |
| Schedule K, Line 13 | Other deductions
Amounts from screen DED and other screens flow to Schedule K, line 13e (Other deductions) on the Deductions tab of screen K. Use line 13e items and SA links to allocate deductions among partners; overrides on screen K adjust program calculations. |
DED K > “Deductions” tab |
| 4684 | Casualties and Thefts | 4684 |
| 8824 | Like-Kind Exchanges | 8824 |
| 4797 | Sales of Business Property | 4797 |
| 1099-B | Proceeds from Broker and Barter Exchange Transactions | 99B |
| 8949 | Sales and other Dispositions of Capital Assets |
8949 8949 > “Additional Info” tab |
| Unrecaptured Section 1250 Gain | 1250 | |
| 8697 | Interest Computation Under the Look-Back Method for Completed Long-Term Contracts | 8697 |
| State Apportionment |
APPT APPT > “Payroll” tab APPT > “Property” tab APPT > “Additional Property” tab |
|
| 8609 | Low-Income Housing Credit Allocation and Certification | 8609 |
| 8609-A | Annual Statement | 8609 |
| Aggregation of Business Operations | BAN | |
| 8903 | Domestic Production Activities Deduction | 8903 |
| Business Activity | BAS | |
| 965-D | Transfer Agreement Under Section 965(i)(2) | 965D |
| 965-E | Consent Agreement Under Section 965(i)(4)(D) | 965E |
| 8283 | Noncash Charitable Contributions | 8283 |
| 7205 | Energy Efficient Commercial Buildings Deduction | 7205 |
| 7207 | Advanced Manufacturing Production Credit | 7207 |
| Schedule K-1 (1065) | Partner’s Share of Income, Deductions, Credits, etc. |
K1P K1P > “Additional Entries” tab |
| Schedule K-1 (Form 1041) | Beneficiary’s Share of Income, Deductions, Credits, etc. | K1F |
| Qualified Business Income | 199A | |
| 8916-A | Supplemental Attachment to Schedule M-3 |
916A SCH3 |
| Schedule D | Capital Gains and Losses | D2 |
| 3115 | Application for Change in Accounting Method |
3115 3115 > Part II 3115 > “Parts III, IV” tab 3115 > A, B, C 3115 > D – Parts I, II 3115 > D – Part III 311E ATT ATT2 |
| 8881 | Credit for Small Employer Pension Plan Startup Costs | 8881 |
| 8882 | Credit for Employer- Provided Childcare Facilities and Services | 8882 |
| Federal and State EF Selections | EF | |
| 8594 | Asset Acquisition Statement Under Section 1060 | 8594 |
| 8908 | Energy Efficient Home Credit | 8908 |
| 8994 | Employer Credit for Paid Family and Medical Leave | 8994 |
| Schedule B (Form 5471) | Shareholders of Foreign Corporation | SCHB |
| 6765 | Credit for Increasing Research Activities | 6765 |
| 8826 | Disabled Access Credit | 8826 |
| 8932 | Credit for Employer Differential Wage Payments | 8932 |
| 4136 | Credit For Federal Tax Paid On Fuels |
4136 4136 > Page Down |
| 3468 | Investment Credit |
3468 3468 > “Part I – Part V” tab 3468 > “Part VI” tab 3468 > “Part VI – Part VII” tab |
| 8846 | Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips | 8846 |
| 8820 | Orphan Drug Credit |
8820 DRUG ODI |
| 8941 | Credit for Small Employer Health Insurance Premiums | 8941 |
| 8864 | Biodiesel and Renewable Diesel, or Sustainable Aviation Fuels Credit | 8864 |
| 8896 | Low Sulfur Diesel Fuel Production Credit | 8896 |
| 8844 | Empowerment Zone Employment Credit | 8844 |
| 4255 | Recapture of Investment Credit | 4255 |
| Schedule M-3 | Net Income (Loss) Reconciliation for Corporations With Total Assets of $10 Million or More |
C M3 M3 > Page Down M3 > Page Down > Page Down M32 M33 MS3 |
| 8813 | Partnership Withholding Tax Payment Voucher (Section 1446) | 8813 |
| 8873 | Extraterritorial Income Exclusion | 8873 |
| 8866 | Interest Computation Under the Look-Back Method for Property Depreciated Under the Income Forecast Method | 8866 |
| 8611 | Recapture of Low-Income Housing Credit | 8611 |
| W-2G | Certain Gambling Winnings |
W2G |
| Partner Ownership Change | OWN | |
| Auto Expense Detail Worksheet | AUTO | |
| Schedule K-1 | Partner’s Share of Income, Deductions, Credits, etc. |
K1 K1 > “Basis Wks” tab K1 > “8805” tab K1 > “Supplemental Info” tab K1 > “K3, Part XIII” tab K1G |
| 8874 | New Markets Credit | 8874 |
| State Estimated Tax Payments | ES | |
| Electronic Funds Withdrawal | PMT | |
| 8912 | Credit to Holders of Tax Credit Bonds | 8912 |
| Direct Deposit | DD | |
| 982 | Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment) | 982 |
| 8716 | Election to Have a Tax Year Other Than a Required Tax Year | 8716 |
| 7004 | Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns |
7004 EXT |
| 8925 | Report of Employer-Owned Life Insurance Contracts | 8925 |
| 8911 | Alternative Fuel Vehicle Refueling Property Credit | 8911 |
| 8910 | Alternative Motor Vehicle Credit | 8910 |
| Schedule B (Form 1065) | Other Information |
B B > “Schedule B. cont.” tab |
| Deductions | DED | |
| Schedule L (Form 1065) | Balance Sheets per Books |
L SCH2 |
| Income | INC | |
| 1125-A | Cost of Good Sold | A |
| 1099-MISC | Miscellaneous Information | 99M |
| Schedule M-1 | Reconciliation of Income (Loss) per Books With Income per Return | M1 |
| Schedule M-2 | Analysis of Unappropriated Retained Earnings per Books | M2 |
| Schedule B-1 | Information on Partners Owning 50% or More of the Partnership |
B1 B1 > Page Down |
| 8822-B | Change of Address or Responsible Party – Business | 8822 |
| 8835 | Renewable Electricity Production Credit | 8835 |
| 2848 | Power of Attorney and Declaration of Representative |
2848 POA |
| 8804 | Annual Return for Partnership Withholding Tax (Section 1446) | 8804 |
| 8938 | Statement of Specified Foreign Financial Assets |
8938 FRGN |
| FinCEN Form 114 | Report of Foreign Bank and Financial Accounts |
114 FRGN |
| 8752 | Required Payment or Refund Under Section 7519 | 8752 |
| 8936, Schedule A | Clean Vehicle Credit Amount | 8936 |
| Election Options | ELEC | |
| W-9 | Request for Taxpayer Identification Number and Certification | W9 |
| 8883 | Asset Allocation Statement Under Section 338 | 8883 |
| 8082 | Notice of Inconsistent Treatment or Administrative Adjustment Request (AAR) | 8082 |
| 8879 | IRS e-file Signature Authorization |
8879 PIN |
| 8832 | Entity Classification Election | 8832 |
| 8308 | Report of a Sale or Exchange of Certain Partnership Interests | 8308 |
| Schedule K (Form 1065) | Partners’ Distributive Share Items |
K K > “Deductions” tab K > “Credits” tab K > “AMT and Other Information” tab K > “Other Information Cont’d.” tab K > “Analysis of Net income” tab |
| Schedule M-1 (Form 1065) | Reconciliation of Income (Loss) per Boos with Income (Loss) per Return | M1 |
| 911 | Request for Taxpayer Advocate Service Assistance (And Application for Taxpayer Assistance Order) |
911 911 > “Section II” tab |
| 5471 | Information Return of U.S. Persons With Respect To Certain Foreign Corporations |
5471 PERS SUPP |
| Schedule A (Form 5471) | Stock of the Foreign Corporation | SCHA |
| Schedule B (Form 5471) | Shareholders of Foreign Corporation | SCHB |
| Schedule C (Form 5471) | Income Statement | 5471 > Sch. C tab |
| Schedule E (Form 5471) | Income, War Profits, and Excess Profits Taxes Paid or Accrued |
SCHE EIII |
| Schedule F (Form 5471) | Balance Sheet |
5471 > SCHF |
| Schedule G (Form 5471) | Other Information |
5471 > 5471 > SCHG |
| Schedule M (Form 5471) | Transactions Between Controlled Foreign Corporation and Shareholders or Other Related Persons |
5471 > 5471 > |
| Schedule O (Form 5471) | Information Return of U.S. Persons With Respect to Certain Foreign Corporations |
O1 O2 |
| Schedule I (Form 5471) | Summary of Shareholder’s Income From Foreign Corporation |
SCHI SCHI > “Sch I Worksheet A” tab SCHI > “Sch I Worksheet B” tab |
| Schedule J (Form 5471) | Accumulated Earnings and Profits |
SCHJ SCHJ > “Prv Tax EP (i)(iv)” tab SCHJ > “Prev Tax EP (v)” tab SCHJ > “Prev Tax EP (vi – viii)” tab SCHJ > “Prev Tax EP (ix – x)” tab |
| Schedule E-1 (Form 5471) | Taxes Paid, Accrued, or Deemed Paid on Accumulated Earnings and Profits (E&P) of Foreign Corporation |
E1 E1 > “Prev. Taxed E and P (I – iv)” tab E1 > “Prev. Taxed E and P (v)” tab E1 > “Prev. Taxed E and P (vi – viii)” tab E1 > “Prev. Taxed E and P EIII |
| Schedule P (Form 5471) | Information Return of U.S. Persons With Respect to Certain Foreign Corporations |
SCHP SCHP > Sch P, Previously Taxed E & P (a – e) SCHP > Sch P, Previously Taxed E & P (f) SCHP > “Sch P, Previously Taxed E&P (gg) through (j) |
| Filing Security Information | SEC | |
| Oil and Gas Depletion Worksheet | DEPL | |
| Schedule I-1 (Form 5471) | Information for Global Intangible Low-Taxed Income | I1 |
| Schedule H (Form 5471) | Current Earnings and Profits | SCHH |
| Schedule R (Form 5471) | Distributions From a Foreign Corporation | SCHR |
| Miscellaneous Codes | MISC | |
| 8990 | Limitation on Business Interest Expense Under Section 163(j) | 8990 |
| Statement A – QBI Pass-through Entities | K199 | |
| Statement B – QBI Pass-through Entity Aggregation Election(s)
K-1 Statement B is filed with Schedule K-1 for aggregated trades or businesses. Qualified Business Income Aggregation worksheet (Statement B in View/Print) is produced for the entity’s records. |
BAN | |
| Wks QBIC | Statement C – QBI Pass-through Entity Reporting
K-1 Wks QBIC is filed with Schedule K-1 for patrons of specified agricultural and horticultural cooperatives. Patrons may include patronage dividends and similar amounts in their QBI deduction; cooperatives may take a section 199A(g) deduction. Wks QBIC summary (Qualified Business Income Information) is generated for entity records and is not e-filed. |
K199 |
| Potential Aggregation of Business Operations | PBAN | |
| Not Qualified Business Deduction by Activity | N199 | |
| 8996 | Qualified Opportunity Fund | 8996 |
| 1099-K | Payment Card and Third Party Network Transactions | 99K |
| 8864 | Biodiesel and Renewable Diesel, or Sustainable Aviation Fuels Credit | 8864 |
| 8896 | Low Sulfur Diesel Fuel Production Credit | 8896 |
| 8938 | Statement of Specified Foreign Financial Assets |
8938 8938 > “Foreign Assets” tab SPEC |
| 1099-NEC | Nonemployee Compensation |
99N NEC |
| 14039-B | Business Identity Theft Affidavit | 1403 |
| Schedule Q (Form 5471) | CFC Income by CFC Income Groups |
SCHQ SCHQ > “Sch Q Subpart F, IncomeGroups cont’d” tab SCHQ > “Sch Q Subpart F, Tested Income, Residual Groups” tab |
| Schedule K-2 (Form 1065) | Partners’ Pro Rata Share Items—International |
K2 K2I II1 II1 > “Gross Income, Cont’d.” tab II2 III1 III2 III2 > Page Down III4 4R III5 IV V VI VI > Page Down VI1 VIII IX X X3 XI |
| Paycheck Protection Program (PPP) Loans Received or Accrued |
PPP PPP2 |
|
| 8936 | Clean Vehicle Credit | 8936 |