Tax News
Schedule EO and Table 3

In August 2011, we announced that we proposed to add Table 3 Schedule K-1 (565), Partner’s Share of Cost of Goods Sold, Deductions, and Rental Income, and Pass-Through Entity Ownership EO (565), and Pass-Through Entity Ownership EO (568), to be completed by partnerships and limited liability companies beginning in taxable year 2011.

Based on comments received, we have clarified entity ownership information. The Schedules EO and Table 3 are now available as draft forms.

  • Table 3 Schedule K-1 (565), Partner’s Share of Cost of Goods Sold, Deductions, and Rental Income
  • Pass-Through Entity Ownership EO (565)
  • Pass-Through Entity Ownership EO (568)

The forms will be ready for next year’s filing season.

Thank you for all the comments provided. We have reviewed all of the comments and used the suggestions to enhance the products.

Back to November 2011 Tax News