Section 03 — Internal Revenue Manual Part 3. Submission

Elem. No.

Form 8804 Section 03 Data Element Name

Prompt

Fld. Term.

Instructions

(1)

Section Number

SECT:

Press if already present on the screen, otherwise enter "03" .

(2)

Remittance

RMT

Enter the green rockered amount from the balance due area of the return or an attached cash register receipt. If no amount is edited or the edited amount is illegible, check the control document (Form 813 or Form 3893) for the correct amount. This is a MUST ENTER field if a Prejournalized Credit Amount (prompt CR) was entered in the Block Header.

(3)

Number of Foreign Partners

L3A

Enter the number from line 3a.

(4)

Number of Form 8805 Attached

L3B

Enter the number from line 3b.

(5)

Number of Form 8804–C Attached

L3C

Enter the number from line 3c.

(6)

Total ECTI to Corporate Partners

L4A

MINUS (-)

Enter the amount from line 4a.

(7)

Reduction to line 4a for state and local taxes

L4B

Enter the amount from line 4b.

(8)

Reduction to line 4a for certificates

L4C

Enter the amount from line 4c.

(9)

Subtract the sum of lines 4b and 4c from 4a

L4D

MINUS (-)

Enter the amount from line 4d.

(10)

Total ECTI and Net Short-Term Capital Gain Allocable to Non-Corporate Partners

L4E

Enter the amount from line 4e.

(11)

Reduction to Line 4e for State and Local Taxes Under Treas. Reg. 1.1446-6(c)(1)(iii)

L4F

Enter the amount from line 4f.

(12)

Reduction to Line 4e for Certified Foreign Partner-Level Items Submitted Using Form 8804-C

L4G

Enter the amount from line 4g.

(13)

Subtract the Sum of 4f and 4g from 4e

L4H

MINUS (-)

Enter the amount from line 4h.

(14)

28% Rate Gains

L4I

Enter the amount from line 4i.

(15)

Reduction to line 4i for state and local taxes

L4J

Enter the amount from line 4j.

(16)

Reduction to 4i for certificates

L4K

Enter the amount from line 4k.

(17)

Subtract the sum of lines 4j and 4k from 4i

L4L

MINUS (-)

Enter the amount from line 4l.

(18)

Unrecaptured Sec. 1250 Gains

L4M

Enter the amount from line 4m.

(19)

Reduction to line 4m for state and local taxes

L4N

Enter the amount from line 4n.

(20)

Reduction to line 4m for Valid Partner

L4O

Enter the amount from line 4o.

(21)

Subtract the sum of lines 4n and 4o from 4m

L4P

MINUS (-)

Enter the amount from line 4p.

(22)

Adjusted Net Capital Gain

L4Q

Enter the amount from line 4q.

(23)

Reduction to line 4q for state and local taxes

L4R

Enter the amount from line 4r.

(24)

Reduction to 4q for certificates

L4S

Enter the amount from line 4s.

(25)

Subtract the sum of lines 4r and 4s from 4q

L4T

MINUS (-)

Enter the amount from line 4t.

(26)

Gross 1446 Tax liability at 21%

L5A

Enter the amount from line 5a.

(27)

Tax Liability 4h at 37%

L5B

Enter the amount from line 5b.

(28)

Tax Liability 4l at 28%

L5C

Enter the amount from line 5c.

(29)

Tax Liability 4p at 25%

L5D

Enter the amount from line 5d.

(30)

Tax Liability 4t at 20%

L5E

Enter the amount from line 5e.

(31)

Total Section 1446 Tax

L5F

Enter the amount from line 5f.

(32)

Section 1446 Installment Amount

L6A

Enter the amount from line 6a.

(33)

Section 1446 Withheld Amount

L6B

Enter the amount from line 6b.

(34)

Form 1042-S Withheld by PTP

L6C

Enter the amount from line 6c.

(35)

Section 1445 Withheld Amount

L6D

Enter the amount from line 6d.

(36)

Form 1042-S Amount Withheld by REIT

L6E

Enter the amount from line 6e.

(37)

Partnership Withheld on F8288

L6F

Enter the amount from line 6f.

(38)

Partnership Withheld on F1042-S

L6G

Enter the amount from line 6g.

(39)

Total Payments

LN7

Enter the amount from line 7.

(40)

Estimated Tax Penalty

LN8

Enter the amount from line 8.

(41)

Balance Due/Overpayment

L10/14a

MINUS (−) ★★★★★★

Enter the amount from line 10 or line 14a as follows:

Enter the amount from line 10, if present, and press .

If there is no entry on line 10, enter the amount from line 14a and press MINUS (-).

(42)

Routing Transit Number (RTN)

L14b

Enter up to 9 digits of the RTN from Line 14b.

Ignore excess digits, alphas, blanks, or special characters shown.

Press if:

both Line 14b and Line 14d are blank.

an illegible character is present in either Line 14b or Line 14d.

one or more numbers have been altered, white-out, or marked through in either Line 14b or Line 14d.

one or more numbers have been written over to CHANGE an existing entry in either the Line 14b or Line 14d.