Page 343 - BusinessStructures & Forms

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Index Fileid: … ions/i1065/2022/a/xml/cycle08/source 12:52 - 26-Jan-2023

Reforestation expenditures 26
A Rent 23 O
Accounting methods 7 Repairs and maintenance 23 Ordinary business income (loss) 34
Change in accounting method 8 Retirement plans 25
Salaries and wages 23, 35
Mark-to-market accounting method 8 P
Nonaccrual-experience method 8, 21 Taxes and licenses 24 Paid preparer authorization 7
Transactions between related
Percentage of completion method 8 taxpayers 22 Partner contributing property with a
Accounting periods 8 Travel 25 built-in gain or loss 34
Adjusting deductions for certain Wages 23 Passive activity limitations:
credits 22 Grouping activities 16
Administrative adjustment request 9 Definitions 3 Passive activities defined 14
Depreciation 24
Allocation of partnership items: Recharacterization of passive income 17
Contributed property 31 Dispositions of contributed property 13 Rental activities 15
Distributions:
Liabilities 33 Reporting requirements 18
Recognition of precontribution gain 14
Nonrecourse liabilities 33 Dividends 35 Trade or business activities 15
Partnership agreement 31 Penalties 7
Special allocations 34
Alternative minimum tax 45 E Failure to furnish information timely 7
Late filing 7
Adjusted gain (loss) 45 Elections: Trust fund recovery 7
Depletion (other than oil and gas) 45 By each partner 13 Period covered 6
Depreciation adjustment on property By the partnership 12
placed in service after 1986 45 Electronic filing 5 Portfolio income 16, 35
Oil, gas, and geothermal properties 45 Entity classification election 12 Private delivery services 6
Amended return 9 Extensions 6 Publicly traded partnerships 5, 15, 21
Analysis of net income (loss) per
Return 56 F Q
Analysis of partner's capital account 33 Qualified Business Income Deduction 50
Analysis of partners' capital accounts 57 Foreign accounts 27
Assembling the return 12 Foreign partners, withholding 28 R
At-risk activities 33 Foreign partnership 4
Attached statements 32 Foreign trusts, transactions 27 Recapture:
Forms: Investment credit 47
B How to get 3 Low-income housing credit 47
Mining exploration costs 37
That may be required 10
Balance sheets per books 56 Future Developments 1 Section 179 deduction 48
Bipartisan Budget Act of 2015 (BBA) 3 Reconciliation of income (loss) per books
Business start-up expenses 22 G with income (loss) per return 57
C General partner 4 Recordkeeping 9
Reforestation costs 41
Capital gain: General partnership 4 Rental activities 15
Guaranteed payments 35, 57
Net long-term 36 Rounding off to whole dollars 9
Net short-term 36 I Royalties 36
Change of address 19
Charitable contribution 39 Inclusion amount 23 S
Codes: Income: Sale of partnership interests 14
Partner 32 Gross receipts or sales 20 Sale of small business stock:
Principal business activity 61 Tax-exempt income 20 Exclusion 38
Schedule K-1 reporting 31 Trade or business 20 Rollover 38
Collectibles (28%) gain (loss) 36 Installment sales 20 Schedule:
Consolidated audit procedures 3 Interest income 35 B 26
Contributions to the partnership 13 Interest on production expenditures 24 K 30, 34
Cost of goods sold 21 Investment: K-1 30, 34
Credits 42 Income and expenses 47 L 56
Low-income housing 43 Interest expense 40 M-1 57
Rehabilitation 43 M-2 57
Rental activities 43 L M-3 57
Limited liability company 4 Section 179 expense deduction 39
D Limited liability partnership 4 Recapture 48
Deductions: Limited partner 4 Section 481(a) adjustment 8
Bad debts 23 Limited partnership 4 Section 59(e) expenditures 13, 22, 40
Depletion 25 Self-charged interest 16
Depreciation 24 N Self-employment 41
Employee benefit programs 25 Net section 1231 gain (loss) 37 Signatures:
Entertainment facilities 26 Nondeductible expenses 46 General partner or LLC member
manager 6
Guaranteed payments 23 Nonrecourse liabilities 33 Paid preparer 7
How to report 22 Nonrecourse loans 4, 33 Special allocations 34
Interest 24 (See also Nonrecourse liabilities) Substitute forms 31
Limitations 22 Notice of inconsistent treatment 9 Syndication costs 22
Meals and entertainment 25
Membership dues 26

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