Section 02 Errors

This subsection gives instructions for correcting Section 02 error conditions.

Section 02 has monetary amounts.

The entries are of variable lengths.

All entries are dollars only.

If any income line on the return reflects a line entry ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡ ≡, the Special Income Code must be "1" .

Data in Section 02 is obtained from Form 1065. See Exhibit 3.12.15-1, Form 1065, U.S. Return of Partnership Income.

The Form 1065 field designators, the title and the location on the return where the data is obtained is shown below:

Field Designator

Maximum Length

Title

Positive/Negative

Location on Form 1065

0201A

15

Gross Receipts or Sales

(±)

Form 1065, page 1, Line 1a

0201B

15

Returns and Allowances

(±)

Form 1065, page 1, Line 1b

0202

15

Cost of Goods Sold

(±)

Form 1065, page 1, Line 2

0204

15

Ordinary Income (Loss) from Other Partnerships and Estates and Trusts

(±)

Form 1065, page 1, Line 4

0205

15

Net Farm Profit (Loss) from Schedule F

(±)

Form 1065, page 1, Line 5

0206

15

Net Gain (Loss) from Form 4797

(±)

Form 1065, page 1, Line 6

0207

15

Other Income

(±)

Form 1065, page 1, Line 7

0208

15

Total Income

(±)

Form 1065, page 1, Line 8

02TAS

15

Total Assets

(±)

Form 1065, page 1, Box "F"

02K02

15

Net Rental Real Estate Income (Loss)

(±)

Form 1065, Schedule K, Line 2

02K3A

15

Gross Income (Other Rental Activities)

(±)

Form 1065, Schedule K, Line 3a

02K3C

15

Balance Net Income (Loss) (Other Rental Activities)

(±)

Form 1065, Schedule K, Line 3c

02K05

15

Interest Income

(±)

Form 1065, Schedule K, Line 5

02K6A

15

Ordinary Dividend Income

(±)

Form 1065, Schedule K, Line 6a

02K07

15

Royalty Income

(±)

Form 1065, Schedule K, Line 7

02K9A

15

Net Long Term Capital Gain (Loss)

(±)

Form 1065, Schedule K, Line 9a

02K10

15

Net Gain

(±)

Form 1065, Schedule K, Line 10

02K11

15

Other Income Amount

(±)

Form 1065, Schedule K, Line 11

02KA1

15

Partnerships to which Section 42(j)(5) applies

(+)

Form 1065, Schedule K, Line 15a

02KA2

15

Other Low-income housing credit pre 90 amount

(+)

N/A

02KA3

15

Partner Low-income house credit after 89 amount

(+)

N/A

02KA4

15

Other than on Line 15a(1)

(+)

Form 1065, Schedule K, Line 15b

02KB1

15

Qualified Rehab

(+)

Form 1065, Schedule K, Line 15c

02ITR

1

International Tax Reporting Checkbox

(+)

Form 1065, Schedule K, Line 16a

02FTP

15

Foreign Gross Passive Income

(±)

Form 1065, Schedule K, Line 16f