A partnership uses this schedule to report the partner's share of the partnership's income, deductions, credits, etc. Current Revision Schedule K-1 (Form 1065-B) PDF Instructions for Schedule K-1 (Form 1065-B) (Print Version PDF) Recent Developments None at this time. Other Items You May Find Useful All Schedule K-1 (Form 1065-B) Revisions About Publication 514, Foreign Tax Credit for Individuals About Publication 535, Business Expenses About Publication 541, Partnerships About Publication 925, Passive Activity and At-Risk Rules Other Current Products Related Items About Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment) About Form 1040, U.S. Individual Income Tax Return About Form 1065-B, U.S. Return of Income for Electing Large Partnerships About Form 1116, Foreign Tax Credit (Individual, Estate, or Trust) About Form 1118, Foreign Tax Credit - Corporations About Form 4952, Investment Interest Expense Deduction About Form 5713, International Boycott Report About Form 8582, Passive Activity Loss Limitations About Form 8582-CR, Passive Activity Credit Limitations About Schedule K1 Form 1065B Additional Related Items