Form 1065 (2023)
Page 3
Schedule B Other Information (continued)
Yes No
c
For this tax year, did the partnership make an optional basis adjustment under section 734(b)? If “Yes,” enter the total
aggregate net positive amount
and the total aggregate net negative amount
of such section 734(b) adjustments for all partnership property made in the tax year. The partnership must also attach
a statement showing the computation and allocation of each basis adjustment. See instructions . . . . . . .
$ $
( )
d
For this tax year, is the partnership required to adjust the basis of partnership property under section 743(b) or 734(b)
because of a substantial built-in loss (as defined under section 743(d)) or substantial basis reduction (as defined under
section 734(d))? If “Yes,” enter the total aggregate amount of such section 743(b) adjustments and/or section 734(b)
adjustments for all partners and/or partnership property made in the tax year . The partnership must
also attach a statement showing the computation and allocation of the basis adjustment. See instructions . . . .
$
11
Check this box if, during the current or prior tax year, the partnership distributed any property received in a like-
kind exchange or contributed such property to another entity (other than disregarded entities wholly owned by the
partnership throughout the tax year) . . . . . . . . . . . . . . . . . . . . . . . . .
12 At any time during the tax year, did the partnership distribute to any partner a tenancy-in-common or other
undivided interest in partnership property? . . . . . . . . . . . . . . . . . . . . . . . .
13
If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect to Foreign
Disregarded Entities (FDEs) and Foreign Branches (FBs), enter the number of Forms 8858 attached. See
instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14 Does the partnership have any foreign partners? If “Yes,” enter the number of Forms 8805, Foreign Partner’s
Information Statement of Section 1446 Withholding Tax, filed for this partnership . . . . . .
15 Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached
to this return . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16 a Did you make any payments in 2023 that would require you to file Form(s) 1099? See instructions . . . . .
b If “Yes,” did you or will you file required Form(s) 1099? . . . . . . . . . . . . . . . . . . . .
17
Enter the number of Forms 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations,
attached to this return . . . . . . . . . . . . . . . . . . . . . . . . . .
18 Enter the number of partners that are foreign governments under section 892 . . . . . . .
19 During the partnership’s tax year, did the partnership make any payments that would require it to file Forms 1042
and 1042-S under chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474)? . . . .
20 Was the partnership a specified domestic entity required to file Form 8938 for the tax year? See the Instructions
for Form 8938 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21 Is the partnership a section 721(c) partnership, as defined in Regulations section 1.721(c)-1(b)(14)? . . . . .
22 During the tax year, did the partnership pay or accrue any interest or royalty for which one or more partners are
not allowed a deduction under section 267A? See instructions . . . . . . . . . . . . . . . . .
If “Yes,” enter the total amount of the disallowed deductions . . . . . . . . . . . . $
23 Did the partnership have an election under section 163(j) for any real property trade or business or any farming
business in effect during the tax year? See instructions . . . . . . . . . . . . . . . . . . . .
24 Does the partnership satisfy one or more of the following? See instructions . . . . . . . . . . . . .
a
The partnership owns a pass-through entity with current, or prior year carryover, excess business interest expense.
b The partnership’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $29 million and the partnership has business interest expense.
c The partnership is a tax shelter (see instructions) and the partnership has business interest expense.
If “Yes” to any, complete and attach Form 8990.
25 Is the partnership attaching Form 8996 to certify as a Qualified Opportunity Fund? . . . . . . . . . .
If “Yes,” enter the amount from Form 8996, line 15 . . . . . . . . . . . . . . . $
26 Enter the number of foreign partners subject to section 864(c)(8) as a result of transferring all or a portion of an
interest in the partnership or of receiving a distribution from the partnership . . . . . . . .
Complete Schedule K-3 (Form 1065), Part XIII, for each foreign partner subject to section 864(c)(8) on a transfer or distribution.
27 At any time during the tax year, were there any transfers between the partnership and its partners subject to the
disclosure requirements of Regulations section 1.707-8? . . . . . . . . . . . . . . . . . . .
28
Since December 22, 2017, did a foreign corporation directly or indirectly acquire substantially all of the properties
constituting a trade or business of your partnership, and was the ownership percentage (by vote or value) for
purposes of section 7874 greater than 50% (for example, the partners held more than 50% of the stock of the
foreign corporation)? If “Yes,” list the ownership percentage by vote and by value. See instructions.
Percentage:
By vote: By value:
29 Is the partnership required to file Form 7208 relating to the excise tax on repurchase of corporate stock (see
instructions):
a
Under the applicable foreign corporation rules? . . . . . . . . . . . . . . . . . . . . . .
Form 1065 (2023)