Partner Bridge: Federal Partner Form 8805

Column HU: Form 8805 Partner Account Number

Enter the partner’s Form 8805 account number. This is optional with a maximum of 15 characters. There are no specific format requirements.

Column HV: Form 8805 Partner Foreign Country

If the partner is foreign, enter the appropriate foreign country code from the Foreign worksheet.

Column HW: Form 8805 Partner is Tax Exempt

Code	Description
x	Partner’s share of partnership income is exempt from taxation by the United States
Blank	Not applicable

Column HX: Form 8805 Partner Allocated Income

Enter the dollar amount of the partnership’s effectively connected taxable income allocable to the partner for the tax year. If losses are allowed, the smallest allowable dollar amount is a negative number of an unknown magnitude; if losses are not allowed, the smallest allowable dollar amount is zero. This is an optional column.

Column HY: Form 8805 Tax Rate Override

Enter the tax rate override expressed as a decimal fraction with a maximum of three digits to the right of the decimal point as in 0.123. The smallest allowable decimal fraction has a length of 5 digits and cannot be negative. This is an optional column.

Column HZ: Form 8805 Tax Credit Override

Enter the dollar amount override for total tax credit allowed. The smallest allowable dollar amount is zero. This is an optional column.

Import/Export/pbridge_data_8805_1.htm/TY2021

Last Modified: 03/20/2020

Last System Build: 10/18/2022