Form 1065, Schedul Election Out of the Centralized Partnership Audit Regime

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SCHEDULE B-2
(Form 1065)
(December 2018)
Department of the Treasury
Internal Revenue Service
Name of Partnership

Election Out of the Centralized
Partnership Audit Regime

OMB No. 1545-0123

▶ Attach

to Form 1065 or Form 1066.
▶ Go to www.irs.gov/Form1065 for instructions and the latest information.

Employer Identification Number (EIN)

DRAFT AS OF
September 11, 2018
DO NOT FILE
Certain partnerships with 100 or fewer partners can elect out of the centralized partnership audit regime if each partner is an individual,
a C corporation, a foreign entity that would be treated as a C corporation were it domestic, an S corporation, or an estate of a deceased
partner. For purposes of determining whether the partnership has 100 or fewer partners, the partnership must include all shareholders of
any S corporation that is a partner. By completing Part I, you are making an affirmative statement that all of the partners in the
partnership are eligible partners under section 6221(b)(1)(C) and you have provided all of the information on this schedule. See the
instructions, including the instructions for the treatment of real estate mortgage investment conduits (REMICs), for more details.

Part I

List of Eligible Partners
Use the following codes under Type of Eligible Partner:
I – Individual C – Corporation E – Estate of Deceased Partner F – Eligible Foreign Entity S – S corporation
Name of Partner

Taxpayer Identification Number (TIN)

Type of Eligible
Partner (Code)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

Continued on Part IV

Part II

List of S Corporation Shareholders (For each S corporation partner, complete a separate Part II and
separate Part V, if needed.)
Use the following codes under Type of Person:
I – Individual E – Estate of Deceased Shareholder T – Trust O – Other

Name of
S Corporation Partner ▶

TIN of Partner ▶
Name of Shareholder

Type of Person
(Code)

Shareholder TIN

1
2
3
4
5
6
7
8
9
10
11
12

Continued on Part V

Part III

Total Number of Schedules K-1 Required To Be Issued. See instructions.

1
Total of Part I and all Parts IV Schedules K-1 required to be issued by the partnership . . . .
2
Total of Part II and all Parts V Schedules K-1 required to be issued by any S corporation partners .
3
Total. Add line 1 and line 2 . . . . . . . . . . . . . . . . . . . . . . . .
Note: If line 3 is more than 100, the partnership cannot make the election under section 6221(b).
For Paperwork Reduction Act Notice, see the Instructions for Form 1065.

Cat. No. 69658K

1
2
3

Schedule B-2 (Form 1065) (12-2018)

Page 2

Schedule B-2 (Form 1065) (12-2018)

Employer Identification Number (EIN)

Name of Partnership

Part IV

Continuation of List of Eligible Partners
Use the following codes under Type of Eligible Partner:
I – Individual C – Corporation E – Estate of Deceased Partner F – Eligible Foreign Entity S – S corporation

DRAFT AS OF
September 11, 2018
DO NOT FILE
Name of Partner

TIN

Type of Eligible
Partner (Code)

16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67

Schedule B-2 (Form 1065) (12-2018)

Page 3

Schedule B-2 (Form 1065) (12-2018)

Employer Identification Number (EIN)

Name of Partnership

Part IV

Continuation of List of Eligible Partners
Use the following codes under Type of Eligible Partner:
I – Individual C – Corporation E – Estate of Deceased Partner F – Eligible Foreign Entity S – S corporation

DRAFT AS OF
September 11, 2018
DO NOT FILE
Name of Partner

TIN

Type of Eligible
Partner (Code)

68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91

92
93
94
95
96
97
98
99
100
Schedule B-2 (Form 1065) (12-2018)

Page 4

Schedule B-2 (Form 1065) (12-2018)

Employer Identification Number (EIN)

Name of Partnership

Part V

Continuation of List of S Corporation Shareholders (For each S corporation partner, complete a separate
Part II and separate Part V, if needed.)
Use the following codes under Type of Person:
I – Individual E – Estate of Deceased Shareholder T – Trust O – Other

DRAFT AS OF
September 11, 2018
DO NOT FILE
Name of
S Corporation Partner ▶

TIN of Partner ▶

Name of Shareholder

Shareholder TIN

Type of Person
(Code)

13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61

Schedule B-2 (Form 1065) (12-2018)

Page 5

Schedule B-2 (Form 1065) (12-2018)

Employer Identification Number (EIN)

Name of Partnership

Part V

Continuation of List of S Corporation Shareholders (For each S corporation partner, complete a separate
Part II and separate Part V, if needed.)
Use the following codes under Type of Person:
I – Individual E – Estate of Deceased Shareholder T – Trust O – Other

DRAFT AS OF
September 11, 2018
DO NOT FILE
Name of
S Corporation Partner ▶

TIN of Partner ▶

Name of Shareholder

Shareholder TIN

Type of Person
(Code)

62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98

Schedule B-2 (Form 1065) (12-2018)