Nearly all forms needed by partnerships are built in and fully automated,
more than double the number in the Standard Level.
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IRS Form
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Common Use
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Form 1065 U.S. Return of Partnership
Income
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Main signature form required for all returns.
4-page form includes Schedules A, B, K, L, M-1, and M-2.
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Schedule D Capital Gains and Losses
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To report sale of exchange of capital assets (such as
stocks and bonds), including capital gain distributions
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Schedule F Profit or Loss from Farming
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For earned income from a farm business you own
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Schedule K-1 Partner's Share of Income, Credits,
Deductions, etc.
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To report each individual partner's share of items each partner
must report on his or her own return
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Form 2848 Power of Attorney and
Declaration of Representative
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Taxpayers who want to authorize someone else to represent them
before the IRS.
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Form 3468 Investment Credit
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Rehabilitation, energy, and reforestation credits
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Form 4562 Depreciation and Amortization
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To figure deductions for depreciation and amortization of business and investment property
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Form 4684 Casualties and Thefts
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To figure deductions for losses due to casualty or theft
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Form 4797 Sales of Business Property
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To report income or loss from sale or exchange of business and certain investment property
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Form 4835 Farm Rental Income
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To report income or loss from farm property rental based on production
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Form 5884 Work Opportunity
Credit
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Employers who paid 1st-year wages to
targeted groups such as veterans
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Form 6252 Installment Sale Income
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To figure current-year taxable income from installment payments received
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Form 6478 Alcohol Fuel Credit
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Anyone who uses alcohol as fuel (credit for use of
ethanol or methanol)
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Form 6765 Credit for Increasing
Research
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Businesses with technological research for new
products
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Form 6781 Gains and Losses From Section
1256 Contracts and Straddles
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Investors in futures contracts or non-equity
options, plus option and commodity dealers with equity options or security
contracts
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Form 8271 Investor Reporting of Tax
Shelter Registration Number
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Anyone who invests in a registered tax shelter
(whether reported loss or not)
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Form 8283 Noncash Charitable Contributions
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To satisfy reporting requirements when contributions
other than cash or check total more than $500
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Form 8586 Low Income Housing
Credit
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Anyone with new residential rental buildings in
low-income housing projects
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Form 8594 Asset Acquisition
Statement
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To report transfers of assets without including
goodwill in basis
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Form 8736 Application for Automatic Extension of Time To File
U.S. Return for a Partnership
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To extend filing date to 3 months after regular due date
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Form 8800 Application for Additional Extension of Time To File
U.S. Return for a Partnership
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To extend filing date an additional 3 months beyond the automatic extension date
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Form 8822 Change of Address
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Anyone who changed their mailing or business address after their last Form
1065 was filed
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Form 8824 Like-Kind Exchanges
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Anyone who wants to defer tax on sale based on
like-kind exchange rules
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Form 8825 Rental Real Estate Income and Expenses of a Partnership
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To report income and expenses from rental real estate
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Form 8834 Qualified Electric Vehicle
Credit
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Buyers of cars powered by rechargeable batteries or
fuel cells (10% credit)
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Form 8846 Credit for Employer Social
Security and Medicare Taxes Paid on Certain Employee Tips
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Employers of those who receive tips for food or
beverage service
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Form 8861 Welfare-to-Work
Credit
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Employers who paid wages to welfare recipients (35%
to 50% of wages)
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