Instructions for Form 1065-B (2006)

This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

A

Accounting Methods:, Accounting Methods

Change in accounting method, Change in accounting method.

Mark-to-Market Accounting Method, Mark-to-market accounting.

Mark-to-Market Accounting Method:

Dealers in commodities, and traders in securities and commodities, Mark-to-market accounting.

Accounting methods:

Accrual method, Accrual method.

Accounting Periods, Accounting Periods

Activities of Electing Large Partnerships (ELPs), Activities of Electing Large Partnerships (ELPs)

Administrative Adjustment Requests

Form 8082, Administrative Adjustment Requests

Analysis of Net Income (Loss), Analysis of Net Income (Loss)

Assembling the Return, Assembling the Return

At-risk activities, Partner's Share of Liabilities (Schedule K-1)

B

Business Start-up Expenses, Business start-up and organizational costs.

C

Capital Assets, What are Capital Assets?

Capital Gains and Losses, Schedule D. Capital Gains and Losses

Charitable Contributions, Line 9

Codes:

Principal Business Activity, Codes for Principal Business Activity and Principal Product or Service
Schedule K-1, Box 9, Box 9 Codes (Schedule K-1)

Contributions to the Partnership, Contributions to the Partnership

Cost of Goods Sold, Schedule A. Cost of Goods Sold

Inventory, Line 1. Inventory at Beginning of Year
Other Costs, Line 5. Other Costs
Purchases, Line 2. Purchases

D

Deductions:, Deductions

Bad Debts, Line 15. Bad Debts

Depletion, Line 20. Depletion

Depreciation, Line 19. Depreciation and Section 179 Expense Deduction

Employee Benefit Programs, Line 22. Employee Benefit Programs

Guaranteed Payments to Partners, Line 13. Guaranteed Payments to Partners

Interest, Line 18. Interest

Limitations, Limitations on Deductions

Other Deductions, Line 23. Other Deductions

Rent, Line 16. Rent

Repairs and Maintenance, Line 14. Repairs and Maintenance

Retirement Plans, etc., Line 21. Retirement Plans, etc.

Salaries and Wages, Line 12. Salaries and Wages

Section 179 Expense, Line 19. Depreciation and Section 179 Expense Deduction

Section 263A uniform capitalization rules, Section 263A uniform capitalization rules.

Special Rules:

Entertainment facilities, Entertainment facilities.
Meals and entertainment, Meals and entertainment.
Membership dues, Membership dues.
Travel, Travel.

Taxes and Licenses, Line 17. Taxes and Licenses

Definitions, Partnership

Depreciation, Line 19. Depreciation and Section 179 Expense Deduction

Discharge of Indebtedness, Line 8. Income From Discharge of Indebtedness

Dispositions of Contributed Property, Dispositions of Contributed Property

Distributions, Line 6. Distributions

E

Elections:

By each partner, Elections Made by Each Partner
By the partnership, Elections Made by the Partnership

Electronic Filing, Electronic Filing Option

Extension, Extension

Extraterritorial income exclusion, Extraterritorial Income Exclusion

Extraterritorial Income Exclusion, Line 15

F

Foreign Accounts, Question 7. Foreign Accounts
Foreign Disregarded Entity, Question 3
Foreign Partners, Question 4. Foreign Partners
Foreign Partnership, Foreign Partnership
Foreign Tax Credit, Line 14. Foreign Tax Credit Information
Forms and Publications, How to Get, How To Get Forms and Publications

G

General Credits, Line 10. General Credits
General Partner, General Partner
General Partnership, General Partnership
Guaranteed Payments to Partners, Line 13. Guaranteed Payments to Partners, Line 3. Guaranteed Payments

I

Inclusion Amount, Line 16. Rent

Income:

Gross Receipts or Sales, Line 1a. Gross Receipts or Sales
Net Farm Profit (Loss), Line 7. Net Farm Profit (Loss)
Net Gain (Loss) From Form 4797, Line 9. Net Gain (Loss) From Form 4797
Net Income (Loss) From Rental Real Estate Activities, Line 4. Net Rental Real Estate Income (Loss)
Ordinary Income (Loss) From Other Partnerships, Estates, and Trusts, Line 6. Ordinary Income (Loss) From Other Partnerships, Estates, and Trusts
Other Income (Loss), Line 10. Other Income (Loss)

Interest charged, Interest

Interest Income, Passive Activity Reporting Requirements, Line 1

Inventory Valuation Methods, Lines 9a Through 9e. Inventory Valuation Methods

Inversion Gain, Line 15

Investment Interest, Line 7

Items for Special Treatment, Items for Special Treatment

Constructive sale treatment, Constructive sale treatment for certain appreciated positions.
Rollover of Gain from Qualified Stock, Rollover of gain from qualified stock.
Special Rules for Trader in Securities, Special rules for traders in securities.

Items for Special treatment

Rollover of Gain from Empowerment Zone Asset, Rollover of gain from empowerment zone assets.

L

Limitations on Deductions, Limitations on Deductions
Limited Liability Company, Limited Liability Company
Limited Liability Partnership, Limited Liability Partnership
Limited Partner, Limited Partner
Limited Partnership, Limited Partnership

M

Miscellaneous Itemized Deductions, Lines 10a and 10b

N

Net Earnings From Self-Employment, Line 13. Net Earnings From Self-Employment
Nonrecourse Loans, Nonrecourse Loans, Line 18. All Nonrecourse Loans

O

Ordinary dividends, Line 1
Organizational Costs, Business start-up and organizational costs.
Overview of Large Partnership Provisions, Overview, Overview of Large Partnership Provisions

P

Paid Preparer Authorization, Paid Preparer Authorization

Paid Preparer's Information, Paid Preparer's Information

Paperwork Reduction Act Notice, Line 6b. Property.

Partner's Share of Liabilities (Schedule K-1), Partner's Share of Liabilities (Schedule K-1)

Partnership Holding:

Oil and Gas Properties, Partnerships Holding Oil and Gas Properties
Residual Interests in Real Estate Mortgage Investment Conduits (REMICs), Partnerships Holding Residual Interests in Real Estate Mortgage Investment Conduits (REMICs)

Passive Activity Reporting Requirements, Passive Activity Reporting Requirements

Passive Loss Limitation Activities, Passive Loss Limitation Activities

Penalties:

Failure To Furnish Information Timely, Failure To Furnish Information Timely
Late Filing of Return, Late Filing of Return
Late Payment of Tax, Late Payment of Tax
Trust Fund Recovery Penalty, Trust Fund Recovery Penalty

Private Delivery Services, Private Delivery Services

Publicly Traded Partnerships, Publicly Traded Partnerships (PTPs)

Q

Qualified dividends, Lines 2a Through 2c

R

Recordkeeping, Recordkeeping
Rental Activities, Rental Activities

S

Schedule A-Cost of Goods Sold, Schedule A. Cost of Goods Sold

Schedule D-Capital Gains and Losses, Schedule D. Capital Gains and Losses

Specific Instructions, Specific Instructions

Schedule K and K-1, Partner's Shares of Income, Credits, Deductions, etc., Schedules K and K-1. Partners' Shares of Income, Credits, Deductions, etc.

Schedule L, Balance Sheets per Books, Schedule L. Balance Sheets per Books

Schedule M-1, Reconciliation of Income (Loss), Schedule M-1. Reconciliation of Income (Loss) per Books With Income (Loss) per Return

Schedule M-2, Analysis of Partners' Capital Accounts, Schedule M-2. Analysis of Partners' Capital Accounts

Section 179 Expense Deduction, Line 19. Depreciation and Section 179 Expense Deduction

Section 263A uniform capitalization rules, Section 263A uniform capitalization rules.

Self-charged interest, Self-Charged Interest

Separately Stated Items, Separately Stated Items

Substitute Forms, Substitute Forms

Syndication Costs, Syndication costs.

T

Tax, Line 26. Tax
Tax Issues, Unresolved, Unresolved Tax Issues
Tax Shelter Registration Number, Tax Shelter Registration Number (Schedule K-1)
Tax-Exempt Interest Income, Line 9. Tax-Exempt Interest Income
Tax-Exempt Partners, Tax-Exempt Partners
Tax-Exempt Securities, Line 5. Tax-Exempt Securities
Termination of the Partnership, Termination of the Partnership
Trade or Business Activities, Trade or Business Activities
Transactions Between Related Taxpayers, Transactions between related taxpayers.
Travel and Entertainment, Line 4b. Travel and Entertainment

U

Unrealized Receivables and Inventory Items, Unrealized Receivables and Inventory Items
Unrecaptured section 1250 gain, Line 15, Instructions for the Unrecaptured Section 1250 Gain Worksheet
Unresolved Tax Issues, Unresolved Tax Issues

W

What's New, What's New
When To File, When To File
Where To File, Where To File
Who Must Sign, Who Must Sign

Index

A

B

C

D

E

F

G

I

L

M

N

O

P

Q

R

S

T

U

W