Form 565 (2025) — California Partnership Return of Income

Form 565 2025 Side 1
1 a Gross receipts or sales $ _ b Less returns and allowances $ _ . . . . .c Balance • 1c 00
2 Cost of goods sold (Schedule A, line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 00
3 GROSS PROFIT . Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 3 00
4 Total ordinary income from other partnerships and fiduciaries . Attach schedule . . . . . . . . . . . . . . . . . . . . . . . • 4 00
5 Total ordinary loss from other partnerships and fiduciaries . Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . • 5 00
6 Total farm profit . Attach federal Schedule F (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 6 00
7 Total farm loss . Attach federal Schedule F (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 7 00
8 Total gains included on Schedule D-1, Part II, line 17 (gain only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 8 00
9 Total losses included on Schedule D-1, Part II, line 17 (loss only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 9 00
10 Other income . Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 10 00
11 Other loss . Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 11 00
12 Total income (loss) . Combine line 3 through line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 12 00
Partnership Return of Income
I (1) During this taxable year, did this partnership acquire control or majority ownership (more than a 50% interest) in another legal entity?
If yes, did the acquired entity(ies) own California real property (i .e ., land, buildings), lease such property for a term of 35 years or more, or lease such property from a government agency for any term?
If yes to both questions, answer yes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No
(2) During this taxable year, did another person or legal entity acquire control or majority ownership (more than a 50% interest) of this partnership or any legal entity in which the partnership holds a controlling or majority interest?
If yes, did the acquired entity(-ies) own California real property (i .e ., land, buildings), lease such property for a term of 35 years or more, or lease such property from a government agency for any term? If yes to both questions, answer yes . . .• • Yes • No
(3) Has California real property (i .e ., land, buildings) transferred to the partnership that was excluded from property tax reassessment under Revenue and T axation Code Section 62(a)(2)?
If yes, during this taxable year , has more than 50% of the partnership's ownership interests cumulatively transferred in one or more transactions and it was not reported on a previous year' s tax return? If yes to both questions, answer yes . . .• • Yes • No
Caution: Include only trade or business income and expenses on line 1a through line 22 . See the instructions for more information .

# CALIFORNIA FORM TAXABLE YEAR

(Yes requires filing of BOE-100-B statement, penalties may apply - see instructions.)
Income
For calendar year 2025 or fiscal year beginning and ending .
(m m / d d / y y y y) (m m / d d / y y y y)
Partnership name (type or print) Check box if name changed • A FEIN
•
Additional information B California Secretary of State (SOS) file number
•
Street address (suite, room, PO box) PMB no.
City (If the partnership has a foreign address, see instructions.) State ZIP code
Foreign country name Foreign province/state/county Foreign postal code
E Check accounting method F Date business started in CA G Enter total assets at end of
(m m / d d / y y y y) y ear. See instructions.

• (1) • Cash (2) • Accrual (3) • Other (at tach explanation) • • $

H
Check the applicable box

• (1) • Initial return (2) • FINAL RETURN (3) • Amended return (4) • Protective claim

RP

Side 2 Form 565 2025
24 Tax — $800.00 (LPs, LLPs, and REMICs only). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 24 00
25 Pass-through entity elective tax . See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 25 00
26 Partnership level tax . If IRS concluded a centralized audit for this year, see instructions . If not, leave blank . . . • 26 00
27 Total tax. Add line 24, line 25 and line 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 27 00
28 Withholding (Form 592-B and/or 593) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 28 00
29 Amount paid with extension of time to file return (form FTB 3538) . . . . . . . . • 29 00
30 Amounts paid for pass-through entity elective tax . . . . . . . . . . . . . . . . . . . . . • 30 00
31 Total payments . Add line 28, line 29, and line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 31 00
32 Use tax. This is not a total line. See instructions . . . . . . . . . . . . . . . . . . . . .• 32 00
33 Payments balance . If line 31 is more than line 32, subtract line 32 from line 31 . . . . . . . . . . . . . . . . . . . . . . . .• 33 00
34 Use tax balance. If line 32 is more than line 31, subtract line 31 from line 32 . . . . . . . . . . . . . . . . . . . . . . . . .• 34 00
35 Tax due . If line 27 is more than line 33, subtract line 33 from line 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 35 00
36 Refund . If line 33 is more than line 27, subtract line 27 from line 33 . . . . . . . . . . . . . . . . . . . . .• 36
37 Penalties and interest . See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 37 00
38 Total amount due . Add line 34, line 35, and line 37 .
Make the check or money order payable to the Franchise Tax Board . . . . . . . . . . . . . . . . . . . . .• 38
PaymentsAmount Due or Refund Deductions
Enclose, but do not staple, any payment
13 Salaries and wages (other than to partners) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 00
14 Guaranteed payments to partners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 00
15 Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 15 00
16 Deductible interest expense not claimed elsewhere on return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 00
17 a Depreciation and amortization . Attach form FTB 3885P $ _ b Less depreciation reported on Schedule A and elsewhere on return $ _ . . . . . c Balance • 17c 00
18 Depletion . Do not deduct oil and gas depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 00
19 Retirement plans, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 00
20 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 00
21 Other deductions . Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 21 00
22 Total deductions . Add line 13 through line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 22 00
23 Ordinary income (loss) from trade or business activities . Subtract line 22 from line 12 . . . . . . . . . . . . . . . . . .• 23 00 . 00 . 00
J What type of entity is filing this return? Check one only:

• 1 • General partnership • 2 • LP required to pay annual tax (is doing business in CA, is registered with SOS, or is organized in CA)
• 3 • LP , LLC, or other entity NOT required to pay annual tax (is not doing business in CA, is not registered with SOS, and is not organized in CA)
• 4 • REMIC • 5 • LLP • 6 •  Other (See instructions) K Principal business activity code (Do not leave blank) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• Business activity _ Product or service _ L Enter the maximum number of partners in this partnership at any time during the year . Attach a CA Sch . K-1 (565) for each partner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• M Is any partner of the partnership related (as defined in IRC Section 267(c)(4)) to any other partner? . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No N Is any partner of the partnership a trust for the benefit of any person related (as defined in IRC Section 267(c)(4)) to any other partner? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No O Are any partners in this partnership also partnerships or LLCs? If "Yes," complete Schedule K-1, Table 3 for each . . . . . . . . . . . .• • Yes • No P Does the partnership meet all the requirements shown in the instructions for Question P? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Yes • No Q Is this partnership a partner in another partnership or multiple member LLC? If "Yes," complete Schedule EO, Part I . . . . . . . . . .• • Yes • No R Was there a distribution of property or transfer (for example by sale or death) of a partnership interest during the taxable year? .• • Yes • No If "Yes," see the federal instructions concerning an election to adjust the basis of the partnership's assets under IRC Section 754 S Is this partnership a publicly traded partnership as defined in IRC Section 469(k)(2)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No T Is this partnership under audit by the IRS or has it been audited in a prior year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No

Form 565 2025 Side 3
U (1) Does the partnership have any foreign (non-U .S .) nonresident partners? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No
(2) Does the partnership have any domestic (non-foreign) nonresident partners? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No
(3) W ere Form 592, Form 592-A, Form 592-B, Form 592-F, and Form 592-PTE filed for these partners? . . . . . . . . . . . . . . . . . .• • Yes • No
V Is this an investment partnership? See General Information O, Investment Partnerships, in the instructions . . . . . . . . . . . . . . . . .• • Yes • No
W Is the partnership apportioning or allocating income to California using Schedule R? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No
X Has the partnership included a Reportable Transaction or Listed Transaction within this return? . . . . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No
(See instructions for definitions .) If "Yes," complete and attach federal Form 8886 for each transaction .
Y Did this partnership file the Federal Schedule M-3 (Form 1065)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No
Z Is this partnership a direct owner of an entity that filed a federal Schedule M-3? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No
AA Does this partnership have a beneficial interest in a trust or is it a grantor of a trust? Attach name, address, and FEIN . . . . . . . . .• • Yes • No
BB Does this partnership own an interest in a business entity disregarded for tax purposes? If "Yes," complete Schedule EO, Part II . • • Yes • No
CC (1) Is the partnership deferring any income from the disposition of assets? (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No
(2) If "Yes," enter the year of asset disposition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .•
DD Is the partnership reporting previously deferred income from: • • Installment Sale • • IRC §1031 • • IRC §1033 • •  Other
EE "Doing business as" name . See instructions: • __
FF (1) Has this partnership operated as another entity type such as a Corporation, S Corporation, General Partnership,
Limited Partnership, LLC or Sole Proprietorship in the previous five (5) years? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No
(2) If "Yes", provide prior FEIN(s) if different, business name(s), and entity type(s) for prior returns filed with the FTB and/or IRS . (see instructions): __
GG (1) Has this partnership previously operated outside California? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No
(2) Is this the first year of doing business in California? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• • Yes • No
HH Is the partnership a section 721(c) partnership, as defined in Treasury Regulations Section 1 .721(c)-1T(b)(14)? . . . . . . . . . . . . . • Yes • No
II 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? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Yes • No
JJ Check if the partnership: (1) •  Aggregated activities for IRC Section 465 at-risk purposes
(2) •  Grouped activities for IRC Section 469 passive activity purposes
KK (1) Has this business entity previously filed an unclaimed property Holder Remit Report with the State Controller's Office? . . . . . .• • Yes • No
(2) If "Y es," when was the last report filed? (mm/dd/yyyy) • _ (3) Amount last remitted ◾ $ . _
Telephone
Sign
Here
Paid
Preparer's Use
Only
Our privacy notice can be found in annual tax booklets or online . Go to ftb.ca.gov/privacy to learn about our privacy policy statement, or go to ftb.ca.gov/forms and search for 1131 to locate FTB
1131 EN-SP , Franchise Tax Board Privacy Notice on Collection . To request this notice by mail, call 800 .338 .0505 and enter form code 948 when instructed . Under penalties of perjury, I declare that
I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete . Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge .
Signature of general partner
PTINPreparer's signature Date Check if self-employed •
Firm's FEIN

• •

•
•
General Partner's email address (optional)
Date Telephone
Firm's name (or yours if self-employed) and address
▶
May the FTB discuss this return with the preparer shown above (see instructions)? • • Yes • No
▶
Preparer's name
•
▶

Side 4 Form 565 2025
1 Ordinary income (loss) from trade or business activities . . . . . . . . . . . . . . . . . 1 •
2 Net income (loss) from rental real estate activities . Attach federal Form 8825 . . . . . 2

3 a Gross income (loss) from other rental activities . . . . . . . . . . . . . . . . . . . 3a b
Less expenses . Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3b

c Net income (loss) from other rental activities . Subtract line 3b from line 3a 3c •
4 Guaranteed payments a Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a b
Capital 4b c
Total 4c •
5 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 •
6 Dividends 6 •
7 Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 •
8 Net short-term capital gain (loss) . Attach Schedule D (565) . . . . . . . . . . . . 8 •
9 Net long-term capital gain (loss) . Attach Schedule D (565) . . . . . . . . . . . . . 9 •
10 a Total gain under IRC Section 1231 (other than due to casualty or theft) . . . 10a • b Total loss under IRC Section 1231 (other than due to casualty or theft) . . . 10b •
11 a Other portfolio income (loss) . Attach schedule . . . . . . . . . . . . . . . . . . . . 11a b
Total other income . Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11b

c Total other loss . Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11c
Expense deduction for recovery property (IRC Section 179) . Attach schedule 12 a Cash contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13a b Noncash contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13b c Investment interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13c • d 1 Total expenditures to which IRC Section 59(e) election may apply . . . . . . . 13d1
Type of expenditures __ 13d2

e Deductions related to portfolio income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13e

f Other deductions . Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13f a Withholding on partnership allocated to all partners . . . . . . . . . . . . . . . . . . . 15a b
Low-income housing credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15b c
Credits other than the credit shown on line 15b related to rental real estate activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15c d
Credits related to other rental activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15d e Nonconsenting nonresident members' tax allocated to all partners . . . . . . . . 15e f Other credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15f •
17 a Depreciation adjustment on property placed in service after 1986 . . . . . . . . . 17a b
Adjusted gain or loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17b c
Depletion (other than oil and gas) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17c d
Gross income from oil, gas, and geothermal properties . . . . . . . . . . . . . . . . 17d e
Deductions allocable to oil, gas, and geothermal properties . . . . . . . . . . . . . 17e f
Other alternative minimum tax items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17f a Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18a

b Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18b • c Nondeductible expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18c a Distributions of money (cash and marketable securities) . . . . . . . . . . . . . . . 19a

b Distribution of property other than money . . . . . . . . . . . . . . . . . . . . . . . . . . . 19b a Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20a b
Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20b

c
Other information . See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20c
21 a Total distributive income/payment items . Combine lines 1, 2, 3c and 4c through 11c . From the result, subtract the sum of lines 12 through 13f . . . . . . . . 21a •
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Income (Loss)
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Schedule K Partners' Shares of Income, Deductions, Credits, etc.
(a)
Distributive share items
(b)
Amounts from federal K (1065)
(c)
California adjustments
(d)
Total amounts using
California law b Analysis by type (a) (b) Individual (c) (d) (e) of partner: Corporate i.
Active ii. Passive
Partnership Exempt Organization Nominee/Other
(1) General partners
(2) Limited partners
DeductionsCreditsAlternative Minimum
Tax (AMT) Items
Other InformationAnalysis
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Form 565 2025 Side 5

Beginning of income year
End of income year
(a)
(b) (c) (d)

1 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 a Trade notes and accounts receivable . . . . . . . . . . b
Less allowance for bad debts . . . . . . . . . . . . . . . .
3 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
4 U .S . government obligations . . . . . . . . . . . . . . . . . . .
5 Tax-exempt securities . . . . . . . . . . . . . . . . . . . . . . . .
6 Other current assets . Attach schedule . . . . . . . . . . . . •
7 a Loans to partners . . . . . . . . . . . . . . . . . . . . . . . . . b
Mortgage and real estate loans . . . . . . . . . . . . . .
8 Other investments . Attach schedule . . . . . . . . . . . . . . •
9 a Buildings and other depreciable assets . . . . . . . . b Less accumulated depreciation . . . . . . . . . . . . . . •
10 a Depletable assets . . . . . . . . . . . . . . . . . . . . . . . . . b Less accumulated depletion . . . . . . . . . . . . . . . . .
11 Land (net of any amortization) . . . . . . . . . . . . . . . . . . •
12 a Intangible assets (amortizable only) . . . . . . . . . . . b Less accumulated amortization . . . . . . . . . . . . . .
13 Other assets . Attach schedule . . . . . . . . . . . . . . . . . . •
14 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
16 Mortgages, notes, bonds payable in less than 1 year •
17 Other current liabilities . Attach schedule . . . . . . . . . .
18 All nonrecourse loans . . . . . . . . . . . . . . . . . . . . . . . . •
19 a Loans from partners . . . . . . . . . . . . . . . . . . . . . . . b
Mortgages, notes, bonds payable in
1 year or more . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
20 Other liabilities . Attach schedule . . . . . . . . . . . . . . . . •
21 Partners' capital accounts . . . . . . . . . . . . . . . . . . . . . •
22 Total liabilities and capital . . . . . . . . . . . . . . . . . . . . .
( ) ( )
Schedule L Balance Sheets. See the instructions for Question P before completing
Schedules L, M-1, and M-2 .
Assets
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1 Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 00
2 Purchases less cost of items withdrawn for personal use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 00
3 Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 00
4 Additional IRC Section 263A costs . Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 00
5 Other costs . Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 00
6 Total . Add line 1 through line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 00
7 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 00
8 Cost of goods sold . Subtract line 7 from line 6 . Enter here and on Side 1, line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 00
9 a Check all methods used for valuing closing inventory:
(1) • Cost (2) •  Lower of cost or market as described in Treas . Reg . Section 1 .471-4 (3) •  Write down of "subnormal" goods as described in T reas . Reg . Section 1 .471-2(c) (4) •  Other . Specify method used and attach explanation __ b
Check this box if the LIFO inventory method was adopted this taxable year for any goods . If checked, attach federal Form 970 . . . . . . . . • c
Do the rules of IRC Section 263A (with respect to property produced or acquired for resale) apply to the partnership? . . . . . . . . . . . . . . • Yes •  No d
Was there any change (other than for IRC Section 263A purposes) in determining quantities, cost, or valuations between opening and closing inventory? If "Yes," attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Yes •  No

# Schedule A Cost of Goods Sold

Liabilities and Capital

Side 6 Form 565 2025
1 Balance at beginning of year . . . . . . . . . . . . . . . . . . . •
2 Capital contributed during year: a
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• b Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .•
3 Net income (loss) per books . . . . . . . . . . . . . . . . . . •
4 Other increases . Itemize . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .•
5 Total of line 1 through line 4 . . . . . . . . . . . . . . . . . . . . .
6 Distributions: a Cash . . . . . . . . . . . . . . . . . . . . . . • b Property . . . . . . . . . . . . . . . . . . . •
7 Other decreases . Itemize . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
8 Total of line 6 and line 7 . . . . . . . . . . . . . . . . . . . . . . . .
9 Balance at end of year . Subtract line 8 from line 5 . . . •
Schedule M-2 Analysis of Partners' Capital Accounts. Use California amounts .
Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return. Use total amount under California law .
If the partnership completed federal Schedule M-3 (Form 1065), see instructions .
1 Net income (loss) per books . . . . . . . . . . . . . . . . . . . •
Income included on Schedule K, line 1 through line 11c, not recorded on books this year .
Itemize . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
•
3 Guaranteed payments (other than health insurance) . .•
Expenses recorded on books this year not included on Schedule K, line 1 through line 13f . Itemize: a Depreciation . . . . . . . . . . . . . $ b Travel and entertainment . . . . $ c Limited partnership tax . . . . . $ d Other . . . . . . . . . . . . . . . . . . . $ e Total . Add line 4a through line 4d . . . . . . . . . . . . . .•
5 Total of line 1 through line 4e . . . . . . . . . . . . . . . . . . . . .
6 Income recorded on books this year not included on Schedule K, line 1 through line 11c . Itemize: a
Tax-exempt interest . . . . . . . . $ b
Other . . . . . . . . . . . . . . . . . . . $ c Total . Add line 6a and line 6b . . . . . . . . . . . . . . . .•
7 Deductions included on Schedule K, line 1 through line 13f, not charged against book income this year . Itemize: a Depreciation . . . . . . . . . . . . . $ b
Other . . . . . . . . . . . . . . . . . . . $ c Total . Add line 7a and line 7b . . . . . . . . . . . . . . . . •
8 Total . Add line 6c and line 7c . . . . . . . . . . . . . . . . . . . . . .
9 Income (loss) (Schedule K, line 21a) . Subtract line 8 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . •
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