2025›Instructions for Form 1065›General Instructions
Elections Made by Each Partner
Instruction 1065 — Instructions for Form 1065, U.S. Return of Partnership Income · 2026-10-03 edition · updated 2026-10-04 · United States
Elections under the following sections are made by each partner separately on the partner’s tax return.
Section 59(e) (election to deduct ratably certain qualified expenditures such as intangible drilling costs, mining exploration expenses, or research and experimental (R&E) expenditures).
Section 108 (income from discharge of indebtedness).
Section 617 (deduction and recapture of certain mining exploration expenditures paid or incurred).
Section 901 (foreign tax credit).
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