Schedule P (Form 1120-F) Template

Use this template to list partnership interests and summarize foreign partner income, expenses, and transfers.

By using this template, you agree to our Template Terms of Use.

Why use a foreign partner's partnership
interests form?

Track partnership interests, Schedule K-3 amounts, outside basis, and
transfer gains in one schedule.

List partnership interests

Record each partnership's name, address, EIN, and ECI treatment for the foreign partner.
Summarize K-3 amounts

Consolidate income, deductions, losses, and interest expense from Schedule K-3 entries.
Report transfers

Capture transferred partnership interests and gain or loss details for the tax year.

This template covers Schedule P sections for partnership interests, K-3 amounts, basis, and transfers.

Partnership interest list
Captures partnership names, addresses, EINs, and whether distributive share is ECI.
Schedule K-3 summary
Summarizes gross income, ECI, deductions, losses, and interest expense amounts.
Average outside basis
Records section 705 outside basis and liabilities used for partnership calculations.
Transferred interests
Lists partnership interests transferred during the tax year with identifying details.
Transfer gain or loss
Calculates outside gain or loss and recognized effectively connected gain amounts.