Instructions for Form 1065-B - Introductory Material


Future Developments

For the latest information about developments related to Form 1065-B, its schedules, and its instructions, such as legislation enacted after they were published, go to www.irs.gov/form1065b.

What's New

  • For 2013, certain transactions may be combined and the totals reported on line 1a or 8a of Schedule D without completing Form 8949, Sales and Other Dispositions of Capital Assets. For additional information, see the instructions for Lines 1a and 8a—Transactions Not Reported on Form 8949.

  • Schedule K-1 (Form 1065-B). New code U has been added to box 9 of Schedule K-1. Code U is used to report information related to the net investment income tax. Former Code U (Other information) is now code V.

  • Regulations section 1.1411-10(g) election. The partnership can elect to include section 951 inclusions and section 1293 inclusions in net investment income for purposes of section 1411 in the same tax year as the amounts are included in income for chapter 1 purposes. See Regulations section 1.1411-10(g) under Elections Made by the Partnership for more information.

Photographs of Missing Children

The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of missing children selected by the Center may appear in instructions on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.

Contacting Your Taxpayer Advocate

The Taxpayer Advocate Service (TAS) is your voice at the IRS. TAS's job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. TAS offers free help to guide you through the often-confusing process of resolving tax problems that you haven't been able to solve on your own. Remember, the worst thing you can do is nothing at all.

As a taxpayer, you have rights that the IRS must abide by in its dealings with you. TAS online tax toolkit at www.TaxpayerAdvocate.irs.gov can help you understand these rights.

If you think TAS can help you, call your local advocate, whose number is in your local directory and on our website at www.irs.gov/advocate. You can call our toll-free number at 1-877-777-4778. If you have access to TTY/TDD equipment, you can call 1-800-829-4059. You can also access the IRS through relay services such as the Federal Relay Service at www.gsa.gov.fedrelay.

TAS also handles large-scale, systemic problems that affect many taxpayers. If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System.

How To Get Forms and Publications

Internet.   You can access the IRS website at IRS.gov 24 hours a day, 7 days a week to:
  • E-file your return. Find out about commercial tax preparation and e-file services available free to eligible taxpayers;

  • Download forms, including talking tax forms, instructions, and publications;

  • Use the online Internal Revenue Code, regulations, or other official guidance;

  • Get information on starting and operating a small business;

  • Order IRS products online;

  • Research your tax questions online;

  • Search publications online by topic or keyword;

  • View Internal Revenue Bulletins (IRBs) published in the last few years; and

  • Sign up to receive local and national tax news by email.

By phone and in person.   You can order forms and publications by calling 1-800-TAX-Form (1-800-829-3676). If you have access to TTY/TDD equipment, you can call 1-800-829-4059 to ask tax questions or to order forms and publications. You can also access the IRS through relay services such as the Federal Relay Service at www.gsa.gov/fedrelay. Additionally, you can get most forms and publications at your local IRS office.


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