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Item D

request to correct a previously filed

are decreases. Explain the increase or

partnership or REMIC return and you are

decrease in Part III.

A partnership defined as a small

one of the following.

partnership can elect to be treated as a

Line 3. Use line 3 to show amendments

The TMP of the TEFRA partnership or

TEFRA partnership for tax years

to other net rental income (loss). For more

REMIC. The REMIC must be subject to

beginning before 2018. The partnership

information on how other net rental

consolidated REMIC proceedings. For

elects TEFRA treatment by attaching a

income (loss) is calculated, see Line 3.

more information on consolidated REMIC

statement to the tax return for the first year

Other Net Rental Income (Loss) in the

proceedings, see the Instructions for Form

they wish the election to be effective. This

Instructions for Form 1065 for the tax year

1066.

statement must be signed by all partners.

being amended or otherwise adjusted.

An ELP correcting a previously filed

See Regulations section 301.6231(a)

If the partnership is reporting more than

return.

(1)-1(b). Form 8893, Election of

one rental activity, show the separate

Item G

Partnership Level Tax Treatment, is the

calculation for each activity in Part III.

statement that can be used to make this

A substituted return is an amended return

Line 9c. For more information on the

election. If you answer “Yes” to item D,

in which the TMP requests that the

three types of unrecaptured section 1250

also enter the tax year of the filing of this

treatment of an item shown on the AAR be

gain that can be reported, see Line 9c.

election in the space provided.

substituted for the treatment of the item on

Unrecaptured Section 1250 Gain in the

Item E

the pass-through entity's return. If the IRS

Instructions for Form 1065 for the tax year

allows substituted return treatment, the

being amended or otherwise adjusted.

If, at any time during the tax year, there

changes shown on the amended return

are more than 10 partners or any of the

If the partnership is reporting more than

will be treated as corrections of

following are partners in the partnership,

one type of unrecaptured section 1250

mathematical or clerical errors, and the

then the partnership is not a small

gain, show the separate calculation for

IRS may credit or refund any overpayment

partnership.

each gain in Part III.

of tax to the partners or residual interest

Another partnership.

holders based on the amended return or

Line 11. Enter any other item of income

An LLC which files as a partnership or

assess any resulting tax without a

or loss not included in lines 1 through 10.

is treated as a disregarded entity.

deficiency or entity level proceeding. See

For information on the types of income

Any type of trust, including a grantor

section 6227(c)(1).

and loss reported, see Line 11. Other

trust.

Income (Loss) in the Instructions for Form

A nominee.

If the request is not treated as a

1065 for the tax year being amended or

substituted return, the IRS may credit or

A nonresident alien.

otherwise adjusted.

refund any overpayment of tax to the

An S corporation.

partners or residual interest holders per

In Part III, identify the different types

the request, conduct an examination of the

and amounts of income and loss reported

If in item...

The box

Then in item E,

pass-through entity's return, or take no

on this line.

checked

check...

action on the request. When a request is

is...

Line 13d. Enter deductions not included

not treated as a substituted return, the IRS

Subject to TEFRA

on lines 12, 13a, 13b, 13c, and 16l. For

cannot assess tax without a deficiency or

more information on the types of

Subject to TEFRA

entity level proceeding. See section

deductions reported, see Line 13d. Other

6227(c)(2).

Yes

Subject to TEFRA

Deductions in the Instructions for Form

ELPs. An ELP cannot request substituted

1065 for the tax year being amended or

B and C

Yes

Not subject to TEFRA

treatment. See section 6251(b).

otherwise adjusted.

Not subject to TEFRA

In Part III, identify the different types

Part I—Amended or

and amounts of the deductions reported

Administrative Adjustment

on this line.

Item F

Request (AAR) Items for

Line 15d. Enter credits (other than credits

Check the box to indicate whether you are

reported on lines 15a through 15c) related

Partnerships Filing Form

filing an amended return or an AAR.

to rental real estate activities. These

1065 Only

Amended return. Check this box if you

credits may include any type of credit

checked the “Not subject to TEFRA” box

listed in Line 15f. Other Credits of the

For information on income, deductions,

in item E, and you are not an ELP. This

Instructions for Form 1065 for the tax year

credits, etc., see the instructions for Form

means that you are filing a request to

being amended or otherwise adjusted.

1065, Schedules K and K-1, for the tax

correct a previously filed nonTEFRA

year being amended or otherwise

In Part III, identify the different types

partnership return or REMIC return.

adjusted. See the Instructions for Form

and amounts of the rental real estate

If your partnership or REMIC return

1065 for a list of forms that may be

credits reported on this line.

meets the exception under section

required.

Line 15e. Enter credits (other than credits

860F(e) or section 6231, and does not file

If you are a TEFRA partnership, the

reported on lines 15a through 15d) related

an election to be treated as a TEFRA

IRS will process Form 1065X following the

to rental activities. These credits may

partnership under section 6231(a)(1)(B)

guidelines set forth in sections 6227(c)(1)

include any type of credit listed in Line 15f.

(ii), and you received a corrected Form

and 6227(c)(2).

Other Credits of the Instructions for Form

1099 or are making changes to income,

1065 for the tax year being amended or

Column (a). Enter the amounts from

deductions, or credits, but there are no

otherwise adjusted.

Schedule K of Form 1065 as originally

flow-through changes from a TEFRA

partnership, then you are filing an

filed or as was previously adjusted. If the

In Part III, identify the different types

return was changed or audited by the IRS,

amended return. Check the “Amended

and amounts of the rental credits reported

enter the amounts as adjusted.

Return” box.

on this line.

Column (b). Enter the net increase or

Administrative Adjustment Request

Line 15f. Enter credits, except for credits

decrease for each line being changed.

(AAR). Check this box if you are filing a

or expenditures shown or listed for lines

Use parentheses around all amounts that

Instructions for Form 1065X

-4-

Instructions For Form 1065x - Amended Return Or Administrative Adjustment Request (Aar) - 2012 Page 4

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