List of Foreign Partner Interests in Partnerships

Version A, Cycle 1

SCHEDULE P
(Form 1120-F)
Department of the Treasury
Internal Revenue Service
Name of corporation (foreign partner)

Part I

OMB No. 1545-0126

List of Foreign Partner Interests in Partnerships

2010

Attach to Form 1120-F.
See separate instructions.

▶
▶

Employer identification number (EIN)

List of Foreign Partner Interests in Partnerships
(a) Name of partnership

(b) Address

(d) For each partnership, is the foreign
corporation’s distributive share ECI, or
treated as ECI, in whole or in part, with
a U.S. trade or business determined
under section 875 (see instructions)?

(c) EIN

A
Yes

No

Yes

No

Yes

No

Yes
Note: If the corporation has more than 4 partnership interests, continue on a separate page. See instructions.

No

B
C
D

Part II

Foreign Partner Income and Expenses: Reconciliation to Schedule K-1 (Form 1065)
See instructions if reconciling to Schedule K-1 (Form 1065-B).
Schedules K-1
A

1
2
3
4
5
6
7
8
9

10
11
12
13
14a

B

C

D

Total

Net income (loss) reported on lines 1
through 3, Schedule K-1 . . . . .
Gross income included on lines 1
through 3, Schedule K-1 . . . . .
Gross effectively connected income (ECI)
on lines 1 through 3, Schedule K-1
Other non-interest expenses on lines 1
through 3, Schedule K-1 . . . . .
Non-interest expenses on lines 1 through
3, Schedule K-1, allocated to gross ECI
Other gross income reported on
Schedule K-1 . . . . . . . .
Other gross ECI reported on Schedule
K-1 . . . . . . . . . . . .
Other non-interest expenses reported
on Schedule K-1 . . . . . . .
Other non-interest expenses reported
on Schedule K-1, allocated to gross
ECI . . . . . . . . . . . .

DRAFT AS OF
May 4, 2010

Total gross income. Add lines 2
and 6 . . . . . . . . . . .
Total gross effectively connected
income. Add lines 3 and 7 . . . .
Interest expense on lines 1 through 3,
Schedule K-1 . . . . . . . .
Other interest expense reported on
Schedule K-1, lines 13 and 18 . . .
Total interest expense. Add lines 12
and 13 . . . . . . . . . . .

b Interest expense directly allocable
under Regulations section 1.882-5(a)(1)
(ii)(B). (Note: Include the line 14b total
on Schedule I, line 22.) . . . . .
c

Subtract line 14b from line 14a. (Note:
Enter the line 14c total on Schedule I,
line 9, column (b).) . . . . . . .

For Paperwork Reduction Act Notice, see the
Instructions for Form 1120-F.

Cat. No. 49677Z

Schedule P (Form 1120-F) 2010

Version A, Cycle 1
Page 2

Schedule P (Form 1120-F) 2010

Part III

Foreign Partner’s Average Outside Basis Under Regulations sections 1.882-5(b) and 1.884-1(d)(3)
Schedules K-1
A

15

Section 705 outside basis

.

.

.

B

C

D

Total

.

16a

Partner’s liabilities included in outside
basis under section 752 that give
rise to directly allocable interest
expense under Regulations section
1.882-5(a)(1)(ii)(B) . . . . . . .
b All other liabilities included in partner’s
outside basis under section 752 . .

c Add lines 16a and 16b . . . . .
d Subtract line 16c from line 15 . . .
17
Partner’s liabilities under Regulations
section 1.884-1(d)(3)(vi). (Note: Enter
the line 17 total on Schedule I, line 8,
column (b).) . . . . . . . . .
18

Partner’s outside basis under
Regulations section 1.884-1(d)(3)(vi).
Add lines 16d and 17 . . . . . .

19

Partner’s outside basis allocable to ECI
under Regulations section 1.884-1(d)(3)(i).
(Note: Enter the line 19 total on Schedule
I, line 5, column (b).) . . . . . . .

20

Enter “income” or “asset” to indicate
the allocation method used on line 19
(see instructions) . . . . . . .

DRAFT AS OF
May 4, 2010

Schedule P (Form 1120-F) 2010