Form 1065 Partnership Income Calculator
Calculate qualifying income from partnership returns (Form 1065) with adjustments for depreciation, depletion, amortization, and non-recurring items.
Upload Form 1065
Upload IRS Form 1065 pages to auto-fill fields. Upload one per tax year (max 2). Include Schedule L and M-1 pages if available.
Partnership Income Policy
Add back non-cash expenses (depreciation, depletion, amortization), subtract short-term debt and non-deductible expenses, then apply ownership percentage. If two years are provided and Year 1 exceeds Year 2, income is averaged over 24 months. Otherwise, only the most recent year is used.
Partnership 1
Enter line items from the partnership's Form 1065. Positive values are added; negative values reduce income.
| Description | Line # | Sign | Year 1 (Most Recent) | Year 2 (Prior) |
|---|---|---|---|---|
| Ordinary Income/Loss | 4 | +/− | ||
| Net Farm Profit/Loss | 5 | +/− | ||
| Net Gain/Loss | 6 | +/− | ||
| Other Income/Loss | 7 | +/− | ||
| Depreciation | 16a | + | ||
| Depletion | 17 | + | ||
| Amortization/Casualty Loss | 20 | + | ||
| Mortgages/Notes Payable < 1 Year | Sch L ln 16 | − | ||
| Meals & Entertainment Exclusion | Sch M-1 4b | − |
Partnership 2 (Optional)
Use this section if the borrower has income from a second partnership.
| Description | Line # | Sign | Year 1 (Most Recent) | Year 2 (Prior) |
|---|---|---|---|---|
| Ordinary Income/Loss | 4 | +/− | ||
| Net Farm Profit/Loss | 5 | +/− | ||
| Net Gain/Loss | 6 | +/− | ||
| Other Income/Loss | 7 | +/− | ||
| Depreciation | 16a | + | ||
| Depletion | 17 | + | ||
| Amortization/Casualty Loss | 20 | + | ||
| Mortgages/Notes Payable < 1 Year | Sch L ln 16 | − | ||
| Meals & Entertainment Exclusion | Sch M-1 4b | − |