Form 8865 Schedule O PDF Details

Form 8865, Schedule O, is a tax form used by certain U.S. individuals and organizations to make elections under section 965 of the Internal Revenue Code (IRC). The form is used to report the details of those elections. Specific uses for Form 8865 include electing to defer gain on foreign stock or securities, electing the installment method for reporting deferred income from Controlled Foreign Corporations (CFCs), and making other specified elections related to section 965 of the IRC. To learn more about how this form can benefit you or your business, speak with a qualified tax professional.

QuestionAnswer
Form NameForm 8865 Schedule O
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesf8865so 2012 form 8865

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SCHEDULE O

Transfer of Property to a Foreign Partnership

OMB No. 1545-1668

(Form 8865)

2012

(under section 6038B)

 

Department of the Treasury

 

 

 

Internal Revenue Service

Attach to Form 8865. See Instructions for Form 8865.

 

 

Name of transferor

 

Filer’s identifying number

Name of foreign partnership

EIN (if any)

Reference ID number (see instructions)

Part I

Transfers Reportable Under Section 6038B

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

(b)

(c)

(d)

(e)

(f)

(g)

Type of

Number of

Fair market

Section 704(c)

Percentage interest

Date of

Cost or other

Gain recognized on

property

items

value on date

allocation

in partnership after

transfer

basis

transfer

 

 

transferred

of transfer

method

transfer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock, notes receivable and payable, and other securities

Inventory

Tangible property used in trade or business

Intangible property

Other property

Supplemental Information Required To Be Reported (see instructions):

Part II Dispositions Reportable Under Section 6038B

(a)

Type of

property

(b)

Date of original transfer

(c)

Date of

disposition

(d)

Manner of disposition

(e)

Gain

recognized by

partnership

(f)

Depreciation

recapture

recognized

by partnership

(g)

Gain allocated

to partner

(h)

Depreciation

recapture allocated to

partner

Part III

Is any transfer reported on this schedule subject to gain recognition under section 904(f)(3) or

 

section 904(f)(5)(F)?

Yes

No

For Paperwork Reduction Act Notice, see the Instructions for Form 8865.

Cat. No. 25909U

Schedule O (Form 8865) 2012

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How one can fill out Form 8865 Schedule O step 1

2. Now that this array of fields is completed, you should insert the required details in Other property, Supplemental Information Required, Part II, Dispositions Reportable Under, Type of property, Date of original transfer, Date of, disposition, Manner of disposition, e Gain, recognized by, partnership, Depreciation, recapture recognized, and by partnership in order to go further.

Completing section 2 in Form 8865 Schedule O

In terms of Supplemental Information Required and Manner of disposition, make sure that you don't make any errors here. Both of these could be the most significant ones in this file.

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