California Franchise Tax Board Form Instructions
Form 565 (2024) — California Partnership Return of Income
TY2024 (archived)
preamble
Form 565 2024 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 Taxation 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 2024 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) year. See instructions. • (1) • Cash (2) • Accrual (3) • Other (attach explanation) • • $ H Check the applicable box • (1) • Initial return (2) • FINAL RETURN (3) • Amended return (4) • Protective claim RP
Side 2 Form 565 2024 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 2024 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) Were 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 "Yes," 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 ▶ PTIN Firm's name (or yours if self-employed) and address ▶ May the FTB discuss this return with the preparer shown above (see instructions)?............................ • • Y es • No Paid Preparer's signature ▶ Telephone
Date Check if self-employed • Firm's FEIN • • • • General Partner's email address (optional) Date
Side 4 Form 565 2024 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 12 Expense deduction for recovery property (IRC Section 179) . Attach schedule 12 13 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 2 Type of expenditures _____________________________________ 13d2 e Deductions related to portfolio income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13e f Other deductions . Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13f 15 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 18 a Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18a b Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18b • c Nondeductible expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18c 19 a Distributions of money (cash and marketable securities) . . . . . . . . . . . . . . . 19a b Distribution of property other than money . . . . . . . . . . . . . . . . . . . . . . . . . . . 19b 20 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 2024 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15 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 Treas . 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 2024 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 . . . . . . . . . . . . . . . . . . . • 2 Income included on Schedule K, line 1 through line 11c, not recorded on books this year . Itemize . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 3 Guaranteed payments (other than health insurance) . . • 4 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