Schedule K-1 (1065) Partnership Income Calculator

Calculate monthly income from partnership K-1s (Form 1065) including ordinary business income, rental income, and guaranteed payments.

Upload Schedule K-1 (1065)

Upload a Schedule K-1 from Form 1065 to auto-fill fields. Upload one per tax year (max 2).

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Partnership K-1 Income Policy

K-1 income from partnerships includes ordinary business income/loss, rental income/loss, and guaranteed payments. If Year 1 exceeds Year 2, both years are averaged over 24 months.

K-1 #1

Enter line items from the partner's Schedule K-1 (Form 1065). Positive values are added; negative values reduce income.

Description Line # Sign Year 1 (Most Recent) Year 2 (Prior)
Ordinary Business Income or Loss 1 +/−
Net Rental Real Estate Income/Loss 2/3 +/−
Other Net Rental Income/Loss — +/−
Guaranteed Payments to Partner 4 +
Year 1 Income
$0.00
Year 2 Income
$0.00
Monthly Income
$0.00

K-1 #2 (Optional)

Use this section if the borrower has income from a second partnership K-1.

Description Line # Sign Year 1 (Most Recent) Year 2 (Prior)
Ordinary Business Income or Loss 1 +/−
Net Rental Real Estate Income/Loss 2/3 +/−
Other Net Rental Income/Loss — +/−
Guaranteed Payments to Partner 4 +
Year 1 Income
$0.00
Year 2 Income
$0.00
Monthly Income
$0.00

K-1 #3 (Optional)

Use this section if the borrower has income from a third partnership K-1.

Description Line # Sign Year 1 (Most Recent) Year 2 (Prior)
Ordinary Business Income or Loss 1 +/−
Net Rental Real Estate Income/Loss 2/3 +/−
Other Net Rental Income/Loss — +/−
Guaranteed Payments to Partner 4 +
Year 1 Income
$0.00
Year 2 Income
$0.00
Monthly Income
$0.00

K-1 #4 (Optional)

Use this section if the borrower has income from a fourth partnership K-1.

Description Line # Sign Year 1 (Most Recent) Year 2 (Prior)
Ordinary Business Income or Loss 1 +/−
Net Rental Real Estate Income/Loss 2/3 +/−
Other Net Rental Income/Loss — +/−
Guaranteed Payments to Partner 4 +
Year 1 Income
$0.00
Year 2 Income
$0.00
Monthly Income
$0.00

Combined Results

K-1 #1
$0.00
K-1 #2
$0.00
K-1 #3
$0.00
K-1 #4
$0.00
Total Monthly Income
$0.00
Partnership K-1 Guidelines

Schedule K-1 (Form 1065) reports each partner's share of partnership income, deductions, and credits. Qualifying income includes ordinary business income/loss (Line 1), net rental real estate income/loss (Lines 2/3), other net rental income/loss, and guaranteed payments to the partner (Line 4). Guaranteed payments are treated as stable income similar to a salary and are always added. If two years are provided and Year 1 exceeds Year 2, both years are averaged over 24 months; otherwise only the most recent year is used.