Section 03 Errors

This subsection identifies Section 03 field errors.

Section 03 has monetary amounts.

The entries are of variable lengths.

All entries are dollars only except 03TAX on Form 1065 which can be dollars and cents.

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

Data in Section 03 is obtained from Form 1065, Form 1125-A (Cost of Goods Sold), Form 8825 (Rental Real Estate Income and Expenses of a Partnership or an S Corporation) and Schedule F (Profit or Loss From Farming). 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

Field Length

Title

Positive/ Negative

Location on Form 1065

0309

15

Net Salary and Wages (Other than to partners)

(+)

Form 1065, page 1, Line 9

0310

15

Guaranteed Payments to Partners

(+)

Form 1065, page 1, Line 10

0311

15

Repairs Deduction

(±)

Form 1065, page 1, Line 11

0312

15

Bad Debts Deduction

(±)

Form 1065, page 1, Line 12

0313

15

Rent Deduction

(+)

Form 1065, page 1, Line 13

0314

15

Taxes/Licenses

(+)

Form 1065, page 1, Line 14

0315

15

Net Interest

(+)

Form 1065, page 1, Line 15

0316C

15

Depreciation Deduction

(±)

Form 1065, page 1, Line 16c

0317

15

Depletion

(±)

Form 1065, page 1, Line 17

0318

15

Retirement Programs

(±)

Form 1065, page 1, Line 18

0319

15

Employee Benefit Plans

(±)

Form 1065, page 1, Line 19

03EED

15

Energy efficient commercial buildings deduction (attach Form 7205)

(+/-)

Form 1065, page 1, Line 20