Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Partner Bridge import and export

Form 8805 data columns

Enter the partner’s Form 8805 account number. This is
optional
with a maximum of 15 characters. There are no specific format requirements.
Column HV: Form 8805 Partner Foreign Country
If the partner is foreign, enter the appropriate foreign country code from the
Foreign
worksheet.
Column HW: Form 8805 Partner is Tax Exempt
  • X - partner’s share of partnership income is exempt from taxation by the United States
  • blank - not applicable
Column HX: Form 8805 Partner Allocated Income
Enter the dollar amount of the partnership’s effectively connected taxable income allocable to the partner for the tax year. If losses are allowed, the smallest allowable dollar amount is a negative number of an unknown magnitude; if losses are not allowed, the smallest allowable dollar amount is zero. Optional
Column HY: Form 8805 Tax Rate Override
Enter the tax rate override expressed as a decimal fraction with a maximum of three digits to the right of the decimal point as in 0.123. The smallest allowable decimal fraction has a length of 5 digits and cannot be negative. Optional.
Column HZ: Form 8805 Tax Credit Override
Enter the dollar amount override for total tax credit allowed. The smallest allowable dollar amount is zero.

This article applies to:

  • Product: GoSystem Tax RS
  • Return type: 1065 Partnership
  • Subject: Export, Import

Related content

Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close