Sales or exchanges of property used in a trade or business.

Sales or exchanges of depreciable or amortizable property.

Sales or other dispositions of securities or commodities held in connection with a trading business, if the partnership made a mark-to-market election (see Mark-to-market accounting method in the Instructions for Form 1065).

Involuntary conversions (other than from casualties or thefts).

The disposition of noncapital assets (other than inventory or property held primarily for sale to customers in the ordinary course of a trade or business).

Stock in trade or other property included in inventory or held mainly for sale to customers.

Accounts or notes receivable acquired in the ordinary course of the trade or business for services rendered or from the sale of stock in trade or other property held mainly for sale to customers.

Depreciable or real property used in the trade or business, even if it is fully depreciated.

Certain copyrights; literary, musical, or artistic compositions; letters or memoranda; or similar property. See section 1221(a)(3).

U.S. Government publications, including the Congressional Record, that the partnership received from the Government, other than by purchase at the normal sales price, or that the partnership got from another taxpayer who had received it in a similar way, if the partnership's basis is determined by reference to the previous owner.

Certain commodities derivative financial instruments held by a dealer. See section 1221(a)(6).

Certain hedging transactions entered into in the normal course of the trade or business. See section 1221(a)(7).

Supplies regularly used in the trade or business.

Transactions by a securities dealer. See section 1236.

Bonds and other debt instruments. See Pub. 550, Investment Income and Expenses.

Certain real estate subdivided for sale that may be considered a capital asset. See section 1237.

Gain on the sale of depreciable property to a more than 50%-owned entity, or to a trust in which the partnership is a beneficiary, is treated as ordinary gain. See section 1239.

Liquidating distributions from a corporation. See Pub. 550 for details.

Gain on the sale or exchange of stock in certain foreign corporations. See section 1248.

Gain or loss on options to buy or sell, including closing transactions. See Pub. 550 for details.

Gain or loss from a short sale of property. See Pub. 550 for details.

Transfer of property to a political organization if the fair market value (FMV) of the property exceeds the partnership's adjusted basis in such property. See section 84.

Any loss on the disposition of converted wetland or highly erodible cropland that is first used for farming after March 1, 1986, is reported as a long-term capital loss on Schedule D, but any gain on such a disposition is reported as ordinary income on Form 4797. See section 1257 for details.

Transfer of partnership assets and liabilities to a newly formed corporation in exchange for all of its stock. See Rev. Rul. 84-111, 1984-2 C.B. 88.

Disposition of foreign investment in a U.S. real property interest. See section 897.

Any loss from a sale or exchange of property between the partnership and certain related persons is not allowed, except for distributions in a complete liquidation of a corporation. See sections 267 and 707(b) for details.

Any loss from securities that are capital assets that become worthless during the year is treated as a loss from the sale or exchange of a capital asset on the last day of the tax year.

Nonrecognition of gain on sale of stock to an employee stock ownership plan (ESOP) or an eligible cooperative. See section 1042 and Temporary Regulations section 1.1042-1T for rules under which the partnership may elect not to recognize gain from the sale of certain stock to an ESOP or an eligible cooperative.

A nonbusiness bad debt must be treated as a short-term capital loss and can be deducted only in the year the debt becomes totally worthless. For each bad debt, enter the name of the debtor and “statement attached” in column (a) of line 1 and the amount of the bad debt as a loss in column (f). Also attach a statement of facts to support each bad debt deduction.

Any loss from a wash sale of stock or securities (including contracts or options to acquire or sell stock or securities) cannot be deducted unless the partnership is a dealer in stock or securities and the loss was sustained in a transaction made in the ordinary course of the partnership's trade or business. A wash sale occurs if the partnership acquires (by purchase or exchange), or has a contract or option to acquire, substantially identical stock or securities within 30 days before or after the date of the sale or exchange. See section 1091 for more information.

Gain from installment sales. If the partnership sold property at a gain and it will receive a payment in a tax year after the year of sale, it generally must report the sale on the installment method unless it elects not to. However, the installment method may not be used to report sales of stock or securities traded on an established securities market. Use Form 6252, Installment Sale Income, to report the sale on the installment method. Also use Form 6252 to report any payment received during the tax year from a sale made in an earlier year that was reported on the installment method.

A sale or other disposition of an interest in a partnership owning unrealized receivables or inventory items may result in ordinary gain or loss. See Pub. 541, Partnerships, for more details.

Gain from certain constructive ownership transactions. Gain in excess of the gain that would have been recognized if the partnership had held a financial asset directly during the term of a derivative contract must be treated as ordinary income. See section 1260 for details.

Gain from the sale of collectibles. Report any collectibles (28%) gain (loss) included on lines 7 through 12 on line 9b of Schedule K (and each partner's share in box 9b of Schedule K-1). A collectibles (28%) gain (loss) is any long-term gain or deductible long-term loss from the sale or exchange of a collectible that is a capital asset.

One involving services performed in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, consulting, athletics, financial services, or brokerage services.

One whose principal asset is the reputation or skill of one or more employees.

Any banking, insurance, financing, leasing, investing, or similar business.

Any farming business (including the raising or harvesting of trees).

Any business involving the production of products for which percentage depletion can be claimed.

Any business of operating a hotel, motel, restaurant, or similar business.