Partner'S Instructions For Schedule K-1 (Form 1065) - Partner'S Share Of Income, Deductions, Credits, Etc. (For Partner'S Use Only) - 2014 Page 12
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16figure any recapture of low-income housing
partnership will provide additional
Code K. Disabled access credit. Report
credit that may result from the disposition of
information on an attached statement. If no
this amount on line 7 of Form 8826, Disabled
all or part of your partnership interest. For
statement is attached, report this amount on
Access Credit, or line 1e of Form 3800, Part
more information on recapture, see the
line 9 of Form 8864. If a statement is
III (see TIP, earlier).
Instructions for Form 8611, Recapture of
attached, see the instructions for Form 8864,
Code L. Empowerment zone employment
Low-Income Housing Credit.
line 9.
credit. Report this amount on line 3 of Form
Low sulfur diesel fuel production credit
Code E. Qualified rehabilitation expendi-
8844, Empowerment Zone Employment
(Form 8896).
tures (rental real estate). The partnership
Credit, or line 3 of Form 3800, Part III (see
General credits from an electing large
will report your share of the qualified
TIP, earlier).
partnership. Report these credits on Form
rehabilitation expenditures and other
3800, Part III, line 1bb.
Code M. Credit for increasing research
information you need to complete Form 3468
Distilled spirits credit (Form 8906).
activities. Report this amount on line 37 of
related to rental real estate activities using
Energy efficient home credit (Form 8908).
Form 6765, Credit for Increasing Research
code E. Your share of qualified rehabilitation
Energy efficient appliance credit (Form
Activities, or line 1c of Form 3800, Part III
expenditures from property not related to
8909).
(see TIP, earlier).
rental real estate activities will be reported in
Alternative motor vehicle credit (Form
box 20 using code D. See the Instructions for
Code N. Credit for employer social se-
8910).
Form 3468 for details. If the partnership is
curity and Medicare taxes. Report this
Alternative fuel vehicle refueling property
reporting expenditures from more than one
amount on line 5 of Form 8846, Credit for
credit (Form 8911).
activity, the attached statement will
Employer Social Security and Medicare
Clean renewable energy bond credit.
separately identify the expenditures from
Taxes Paid on Certain Employee Tips, or
Report this amount on Form 8912.
each activity.
line 4f of Form 3800, Part III (see TIP,
New clean renewable energy bond credit.
Combine the expenditures (for Form
earlier).
Report this amount on Form 8912.
3468 reporting) from box 15, code E and
Code O. Backup withholding. This is your
Qualified energy conservation bond credit.
box 20, code D. The expenditures related to
share of the credit for backup withholding on
Report this amount on Form 8912.
rental real estate activities (box 15, code E)
dividends, interest income, and other types
Qualified zone academy bond credit.
are reported on Schedule K-1 separately
of income. Include this amount in the total
Report this amount on Form 8912.
from other qualified rehabilitation
you enter on Form 1040, line 64 and attach a
Qualified school construction bond credit.
expenditures (box 20, code D) because they
copy of the Schedule K-1 to your tax return.
Report this amount on Form 8912.
are subject to different passive activity
Instead of attaching a copy of the
Build America bond credit. Report this
limitation rules. See the Instructions for Form
Schedule K-1 to the tax return, you can
amount on Form 8912.
8582-CR for details.
include a statement with the return that
Mine rescue team training credit (Form
Code F. Other rental real estate credits.
provides the partnership's name, address,
8923).
The partnership will identify the type of credit
EIN, and backup withholding amount.
Agricultural chemicals security credit
and any other information you need to figure
(Form 8931).
Code P. Other credits. On a statement
these credits from rental real estate activities
Credit for employer differential wage
attached to Schedule K-1, the partnership
(other than the low-income housing credit
payments (Form 8932).
will identify the type of credit and any other
and qualified rehabilitation expenditures).
information you need to figure credits other
Carbon dioxide sequestration credit (Form
These credits may be limited by the passive
than those reported with codes A through O.
8933).
activity limitations. If the credits are from
Most credits identified by code P will be
Qualified plug-in electric drive motor
more than one activity, the partnership will
reported on Form 3800 (see TIP, earlier).
vehicle credit (Form 8936).
identify the credits from each activity on an
Credit for small employer health insurance
Credits that may be reported with code P
attached statement. See
Passive Activity
premiums (Form 8941).
include the following:
Limitations, earlier, and the Instructions for
New markets credit (Form 8874).
Form 8582-CR for details.
Nonconventional source fuel credit (Form
Box 16. Foreign
Code G. Other rental credits. The
8907).
partnership will identify the type of credit and
Transactions
Qualified railroad track maintenance credit
any other information you need to figure
(Form 8900).
these rental credits. These credits may be
Codes A through N. Use the information
Unused investment credit from the
limited by the passive activity limitations. If
identified by codes A through N, code Q, and
qualifying advanced coal project credit,
the credits are from more than one activity,
any attached statements to figure your
qualifying gasification project credit, or
the partnership will identify the credits from
foreign tax credit.
qualifying advanced energy project credit
each activity on an attached statement. See
allocated from cooperatives (Form 3468,
Taxpayers filing Form 1116—If you
Passive Activity
Limitations, earlier, and the
line 9).
have any qualified dividends,
!
Instructions for Form 8582-CR for details.
Unused investment credit from the
capital gains (including any capital
CAUTION
Code H. Undistributed capital gains cred-
rehabilitation credit or energy credit allocated
gain distributions), capital losses, collectibles
it. Code H represents taxes paid on
from cooperatives (Form 3468, line 13).
gain, collectibles losses, unrecaptured
undistributed capital gains by a regulated
Renewable electricity, refined coal, and
section 1250 gain, net section 1231 gain, or
investment company or real estate
Indian coal production credit. The
net section 1231 losses, you may have to
investment trust. Report these taxes on
partnership will provide a statement showing
make certain adjustments to those amounts
line 73 of Form 1040, check box “a” for Form
separately the amount of credit from Part I
before taking them into account on Form
2439, and enter “Form 1065.”
and Part II of Form 8835.
1116.
Indian employment credit (Form 8845).
Code I. Biofuel producer credit. Report
For details, see Form 1116, Foreign Tax
Orphan drug credit (Form 8820).
this amount on line 3 of Form 6478, Biofuel
Credit, and its instructions; Form 1118,
Credit for small employer pension plan
Producer Credit, or line 4c of Form 3800,
Foreign Tax Credit—Corporations, and its
startup costs (Form 8881).
Part III (see TIP, earlier).
instructions; and Pub. 514, Foreign Tax
Credit for employer-provided childcare
Credit for Individuals.
Code J. Work opportunity credit. Report
facilities and services (Form 8882).
this amount on line 3 of Form 5884, Work
Biodiesel and renewable diesel fuels
Codes O and P. Extraterritorial income
Opportunity Credit, or line 4b of Form 3800,
credit. If this credit includes the small
exclusion.
Part III (see TIP, earlier).
agri-biodiesel producer credit, the
Partner's Instructions for Schedule K-1 (Form 1065)
-12-
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