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SCHEDULE O. (Form 8865) (Rev. October 2021) Department of the Treasury Internal Revenue Service. Transfer of Property to a Foreign Partnership. (Under Section 6038B) Attach to Form 8865. See the Instructions for Form 8865. Go to www.irs.gov/Form8865 for instructions and the latest information. OMB No. 1545-1668.
Only the general instructions for Schedules B, K, K-1, M-1, and M-2 are included later in these instructions. If you are required to complete these schedules for Form 8865, use the specific instructions for the corresponding schedules of Form 1065, U.S. Return of Partnership Income.
Form 8865, Schedule O, Transfer of Property to a Foreign Partnership (under Sec. 6038B) This form is filed by category 3 filers of Form 8865 to provide information about the property contributed to the foreign partnership (see above).
More recent filings and information on OMB 1545-0074 can be found here: Transfer of Property to a Foreign Partnership SCHEDULE O (Form 8865) (Under Section 6038B) (Rev. October 2021) Department of the Treasury Internal Revenue Service Name of transferor OMB No. 1545-1668 Attach to Form 8865.
Category 3 filers must complete Schedule O. Schedule O, broken down into 3 parts, is outlined below. For detailed guidance on this schedule, please refer to the IRS Form 8865 instructions.
Form 8865, “Return of U.S. Persons With Respect to Certain Foreign Partnerships,” is a form required by the IRS for U.S. persons to report their involvement in foreign partnerships. Unlike a traditional tax return, Form 8865 is used primarily for informational purposes.
The amended return and either a Schedule O (Form 8865) or a copy of the previously filed Schedule O (Form 8865), as the case may be, must be filed with the Internal Revenue Service at the location where the U.S. transferor filed its original return.
Schedule O is used to report transfers of property to a foreign corporation for certain category filers. Only Category 3 filers must complete Schedule O.
Form 8865 is used to report the information required under section 6038 (reporting with respect to controlled foreign partnerships), section 6038B (reporting of transfers to foreign partnerships), or section 6046A (reporting acquisitions, dispositions, and changes in foreign partnership interests).
Download or print the 2023 Federal 8865 (Schedule O) (Transfer of Property to a Foreign Partnership (under section 6038B)) for FREE from the Federal Internal Revenue Service.