Net Income (Loss) Reconciliation for Certain Partnerships
Section references are to the Internal Revenue Code unless otherwise noted.
2008
Table of Contents
- Instructions for Schedule M-3 (Form 1065) - Introductory Material
- General Instructions
- Specific Instructions
- Item D. Reportable Entity Partner
- Part I. Financial Information and Net Income (Loss) Reconciliation
- When To Complete Part I
- Line 1. Questions Regarding the Type of Income Statement Prepared
- Lines 2 and 3. Questions Regarding Income Statement Period and Restatements
- Line 4. Worldwide Consolidated Net Income (Loss) per Income Statement
- Line 5. Net Income (Loss) of Nonincludible Foreign Entities
- Line 6. Net Income (Loss) of Nonincludible U.S. Entities
- Lines 7a and 7b. Net Income (Loss) of Other Foreign Disregarded Entities and Net Income (Loss) of Other U.S. Disregarded Entities
- Line 8. Adjustment to Eliminations of Transactions Between Includible Entities and Nonincludible Entities
- Line 9. Adjustment to Reconcile Income Statement Period to Tax Year
- Line 10. Other Adjustments To Reconcile to Amount on Line 11
- Line 11. Net Income (Loss) per Income Statement of the Partnership
- Line 12. Total Assets and Liabilities of Entities Included or Removed on Part I, Lines 4, 5, 6, and 7
- Parts II and III
- Part II. Reconciliation of Net Income (Loss) per Income Statement of Partnership With Income (Loss) per Return
- Lines 1 Through 9. Additional Information for Each Entity
- Line 1. Income (Loss) From Equity Method Foreign Corporations
- Line 2. Gross Foreign Dividends Not Previously Taxed
- Line 3. Subpart F, QEF, and Similar Income Inclusions
- Line 4. Gross Foreign Distributions Previously Taxed
- Line 5. Income (Loss) From Equity Method U.S. Corporations
- Line 6. U.S. Dividends
- Line 7. Income (Loss) From U.S. Partnerships andLine 8. Income (Loss) From Foreign Partnerships
- Line 9. Income (Loss) From Other Pass-Through Entities
- Line 10. Items Relating to Reportable Transactions
- Line 11. Interest income
- Line 12. Total Accrual to Cash Adjustment
- Line 13. Hedging Transactions
- Line 14. Mark-to-Market Income (Loss)
- Line 15. Cost of Goods Sold
- Line 16. Sale Versus Lease (for Sellers and/or Lessors)
- Line 17. Section 481(a) Adjustments
- Line 18. Unearned/Deferred Revenue
- Line 19. Income Recognition From Long-Term Contracts
- Line 20. Original Issue Discount and Other Imputed Interest
- Line 21a. Income Statement Gain/Loss on Sale, Exchange, Abandonment, Worthlessness, or Other Disposition of Assets Other Than Inventory and Pass-Through Entities
- Line 21b. Gross Capital Gains From Schedule D, Excluding Amounts From Pass-Through Entities
- Line 21c. Gross Capital Losses From Schedule D, Excluding Amounts From Pass-Through Entities, Abandonment Losses, and Worthless Stock Losses
- Line 21d. Net Gain/Loss Reported on Form 4797, Line 17, Excluding Amounts From Pass-Through Entities, Abandonment Losses, and Worthless Stock Losses
- Line 21e. Abandonment Losses
- Line 21f. Worthless Stock Losses
- Line 21g. Other Gain/Loss on Disposition of Assets Other Than Inventory
- Line 22. Other Income (Loss) Items With Differences
- Line 23. Total Income (Loss) Items
- Line 24. Total Expense/ Deduction Items
- Line 25. Other Items With No Differences
- Line 26. Reconciliation Totals. Combine lines 23 through 25
- Part III. Reconciliation of Net Income (Loss) per Income Statement of Partnerships With Income (Loss) per Return — Expense/Deduction
Items
- Lines 1 Through 4. Income Tax Expense
- Line 5. Equity-Based Compensation
- Line 6. Meals and Entertainment
- Line 7. Fines and Penalties
- Line 8. Judgments, Damages, Awards, and Similar Costs
- Line 9. Guaranteed Payments
- Line 10. Pension and Profit-Sharing
- Line 11. Other Post-Retirement Benefits
- Line 12. Deferred Compensation
- Line 14. Charitable Contribution of Intangible Property
- Line 15. Organizational Expenses as per Regulations section 1.709-2(a)
- Line 16. Syndication Expenses as per Regulations section 1.709-2(b)
- Line 17. Current Year Acquisition/Reorganization Investment Banking Fees
- Line 18. Current Year Acquisition/Reorganization Legal and Accounting Fees
- Line 19. Amortization/ Impairment of Goodwill
- Line 20. Amortization of Acquisition, Reorganization, and Start-Up Costs
- Line 21. Other Amortization or Impairment Write-Offs
- Line 22. Section 198 Environmental Remediation Costs
- Line 23a. Depletion—Oil & Gas
- Line 23b. Depletion—Other than Oil & Gas
- Line 24. Intangible Drilling and Development Costs (IDC)
- Line 25. Depreciation
- Line 26. Bad Debt Expense
- Line 27. Interest Expense
- Line 28. Purchase Versus Lease (for Purchasers and/or Lessees)
- Line 29. Other Expense/ Deduction Items With Differences
- Line 30. Total Expense/ Deduction Items
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