Schedule K-1 - Form 1065 - 2025 Final K-1 Amended K-1

Sep 19, 2026

Schedule K-1 for Form 1065 (2025) provides a partner’s share of partnership income, deductions, credits, and other items for the calendar or tax year shown. It includes sections for ordinary business income or loss, interest, dividends, royalties, net rental real estate and other rental income, capital gains and distributions, and various deductions such as section 179 and foreign taxes. The form also covers guaranteed payments, partner capital account analysis, and partner share of liabilities, with options for final or amended filings.

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Schedule K-1 (Form 1065)

Part I - Information About the Partnership

Part II - Information About the Partner

Other Information (Distributions and Credits)

OMB No.1545-0123 Final K-1 Amended K-1 | Schedule K-1
2025
(Form 1065)
Department of the Treasury
nternal Revenue Service
For calendar year 2025,or tax year
/ /
/ /2025
ending
beginning [
Partner's Share of Income,Deductions,
See separate instructions.
Credits,etc. | Partner's Share of Current Year Income,
Part II
Deductions,Credits,and Other Items | | | --- | --- | --- | | | Ordinary business income(loss)
1 | 14
Self-employment earnings (loss) | | | Net rental real estate income (loss)
2 | | | | 3
Other net rental income (loss) | Credits
15 | | Part l Information About the Partnership | Guaranteed payments for services
4a | | | A Partnership's employer identification number | | | | | 4b
Guaranteed payments for capital | Schedule K-3 is attached if
16
checked. | | B Partnership's name,address,city,state,and ZIP code | | | | | 4C
Total guaranteed payments | Alternative minimum tax(AMT)items
17 | | | 5
Interest income | | | c IRS center where partnership fled retum: | | | | D □Check if this is a publicly traded partnership(PTP) | Ordinary dividends
6a | | | Information About the Partner
Part II | | | | E Partner's SSN or TIN(Do not use TIN of a disregarded entity.See instructions.) | 6b
Qualified dividends | Tax-exempt income and
18
nondeductible expenses | | F Name,addresscity,state,and ZIP code for partner enteredin E.See instructions. | 6c
Dividend equivalents | | | | | | | | 7
Royalties | | | | | | | G □General partner or LLC
□Limited partner or other LLC
member
member-manager
□Foreign partner
H1 □Domestic partner
H2 □ If the partner is a disregarded entity (DE),enter the partner's:
TIN __
Name
I1 What type of entity is this partner?
12 If this partneris a retirement plan (RASEP/KeoghH/etc.),check here. □
J Partner's share of profit,loss,and capital (see instructions):
Ending
Beginning
%
Profit
%
%
%
Loss
Capital
%
%
Check if decrease is due to:
□ Sale or □ Exchange of partnership interest.See instructions.
K1 Partner's share o liabilities:
Ending
Beginning
$
$
Nonrecourse..
Qualified nonrecourse
$
$
financing ...
$
$
Recourse.·.
K2 Check this box ifitem K1 includes liabilty amounts from lower-tier partnerships □
K3 Check f any of the above liability is subject to guarantees or other
payment obligations by the partner.Seeinstructions . | Net short-term capital gain(loss
8 | | | | | Distributions
19 | | | 9a
Net long-term capital gain(loss | | | | | | | | 9b
Collectibles(28%)gain (loss) | | | | | Other information
20 | | | Unrecaptured section 1250 gain
9c | | | | Net section 1231 gain(loss)
10 | | | | Other income (loss)
11 | | | | | | | | Section 179 deduction
12 | Foreign taxes paid or accrued
21 | | | Other deductions
13 | | | | More than one activity for at-risk purposes
22
More than one activity for passive activity purposes*
23 | | | L
Partner's Capital Account Analysis
Beginning capital account...$_
Capital contributed during the year ..$_
Curent year net income (loss)...$_
Other increase(decrease)(attach explanation)$_
Withdrawals and distributions.. $(
Ending capital account....$ | | | | | *See attached statement for additional information. | | | | For IRS Use Only | | | M Did the partner contribute property with a built-in gain(loss)?
□Yes □No If"Yes,"attach statement.See instructions. | | | | N Partner's Share of Net Unrecognized Section 704(c)Gain or(Loss)
Beginning ........$
En

FAQs

How are guaranteed payments and partner liabilities handled on the form?

Guaranteed payments for services and for capital are listed, and the form includes partner’s share of liabilities (including checks related to lower-tier partnership amounts and guarantees).

Sep 19, 2026

Upload by Caleb Sterling