California Franchise Tax Board Form Instructions
Form 565 (2025) — California Partnership Return of Income
TY2025 (latest)
preamble
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 • • Income (Loss) • • • • • • • 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 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
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 ( ) ( ) ( ) ( ) ( ) ( ) 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . • • • • • • • • •
Source: official text