PDF document

- 1 -

F-1065
Florida Partnership Information Return R. 01/24
Rule 12C-1.051, F.A.C.
Effective 01/24

For the taxable year
beginning , and ending , .

_____________________________________________________________________________________________________ -
Name of Partnership
Federal Employer Identification Number (FEIN)
_____________________________________________________________________________________________________
Street Address
_____________________________________________________________________________________________________
City State ZIP
Principal Business Activity Code

Part I. Florida Adjustment to Partnership Income
A. Additions to federal income:
1. Federal tax-exempt interest
Total interest excluded from federal ordinary income
Less associated expenses not deductible in
computing federal ordinary income ( )
Net Interest
2. State income taxes deducted in computing federal ordinary income
3. Other additions

Total A.
B. Subtractions from federal income B.
C. Subtotal (Line A less Line B) C.
D. Net adjustment from other partnerships or joint ventures D.
E. Partnership income adjustment

1. Increase (total of Lines C and D) E. 1.
2. Decrease (total of Lines C and D) 2.( )

Part II. Distribution of Partnership Income Adjustment
Partner’s name and address (Include FEIN) (a) (b) (c)
Column (a) times Column (b) = partner's
Amount shown Partner's percentage share of Line E.
Note: If there is no adjustment on Line E, show partner’s percentage of on Line E, Part I, of profits Enter here and on Florida Form F-1120,
profits in Column (b) and leave Columns (a) and (c) blank. above Schedule I (if decrease, Schedule II)
A.

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it
is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Sign Here Signature of partner or member (Must be an original signature.) Date
Preparer’s Tax Identification Number (PTIN)
Preparer’s Check if self-
Paid Signature Date employed
Preparer Firm’s name (or yours FEIN
Only if self-employed)
and address ZIP

Mail To: Florida Department of Revenue, 5050 W. Tennessee St., Tallahassee FL 32399-0135

- 2 -

Enlarge image

                                                                                                                                     F-1065
                                                                                                                                     R. 01/24
                                                                                                                                     Page 2

NOTE:  Please read instructions (Florida Form F-1065N) before completing the schedules below.

Part III. Apportionment Information

III-A.   For use by partnerships doing business both within                 (a) Within Florida                   (b) Total Everywhere
         and without Florida

1.  Average value of property per Schedule III-C (Line 8)

2.  Salaries, wages, commissions, and other compensation paid or accrued in 
  connection with trade or business for the period covered by this return

3.  Sales

III-B.   For use by partnerships providing transportation                   (a) Within Florida                   (b) Total Everywhere
         services within and without Florida

1.  Transportation services revenue miles (see instructions)

                                                                            Within Florida                       Total Everywhere
III-C.   For use in computing average value of property
                                                                            a. Beginning of Year b. End of Year c. Beginning of Year d. End of Year

1.  Inventories of raw material, work in process, finished goods

2.  Buildings and other depreciable assets (at original cost)

3.  Land owned (at original cost)

4.  Other tangible assets (at original cost) and intangible assets 
  (financial organizations only).  Attach schedule.

5.  Total (Lines 1 through 4).

6.  Average value of property in Florida (Within Florida), add 
  Line 5, Columns (a) and (b) and divide by 2. For average 
  value of property everywhere (Total Everywhere), add Line 5, 
  Columns (c) and (d) and divide by 2. 

7.  Rented property - (8 times net annual rent)

8.  Total (Lines 6 and 7).  Enter on Part III-A, Line 1, Columns (a)        __________________________ __________________________
  and (b)                                                                   Average Florida                      Average Everywhere

Part IV.  Apportionment of Partners' Share

                                          Percent of         Property Data                       Payroll Data    Sales Data
  Partner (Name and Address)              Interest In
                                          Partnership Within Florida        Everywhere Within Florida Everywhere Within Florida      Everywhere
A.

B.

C.

          NOTE:  Transfer data to Schedule III - A, Florida Form F-1120.

- 3 -

Enlarge image

F-1065N
Instructions for Preparing Form F-1065 R. 01/24
Rule 12C-1.051, F.A.C.
Florida Partnership Information Return Effective 01/24
Page 1 of 4

General Instructions F-1065 or on any schedules are not sufficient. They must
contain all the required information and follow the format
Who Must File Florida Form F-1065? of the schedules of the return. Do not attach a copy of the
Every Florida partnership having any partner subject to federal return.
the Florida Corporate Income Tax Code must file Florida
Form F-1065. A limited liability company with a corporate Signature and Verification
partner, if classified as a partnership for federal tax An officer or person authorized to sign for the entity must
purposes, must also file Florida Form F-1065. A Florida sign all returns. An original signature is required. We will
partnership is a partnership doing business, earning not accept a photocopy, facsimile, or stamp. A receiver,
income, or existing in Florida. trustee, or assignee must sign any return required to be
filed for any organization.
Note: A foreign (out-of-state) corporation that is a
partner in a Florida partnership or a member of a Any person, firm, or corporation who prepares a return for
Florida joint venture is subject to the Florida Income compensation must also sign the return and provide:
Tax Code and must file a Florida Corporate Income/
• Federal employer identification number (FEIN).
Franchise Tax Return (Florida Form F-1120).
A corporate taxpayer filing Florida Form F-1120 may • Preparer tax identification number (PTIN).
use Florida Form F-1065 to report the distributive share Rounding Off to Whole-Dollar Amounts
of its partnership income and apportionment factors Whole-dollar amounts may be entered on the return and
from a partnership or joint venture that is not a Florida accompanying schedules. To round off dollar amounts,
partnership. drop amounts less than 50 cents to the next lowest dollar
and increase amounts from 50 cents to 99 cents to the
Save Time and Paperwork with Electronic Filing
next highest dollar. If you use this method on the federal
You can file Florida Form F-1065 electronically through
return, you must use it on the Florida return.
the Internal Revenue Service's (IRS) Modernized e-File
(MeF) Program using electronic transmitters approved by Taxable Year and Accounting Methods
the IRS and the Florida Department of Revenue. The taxable year and method of accounting must be the
same for Florida income tax as it is for federal income
Where to File a Paper Return
tax. If you change your taxable year or your method of
Florida Department of Revenue
accounting for federal income tax, you must also change
5050 W Tennessee St
the taxable year or method of accounting for Florida
Tallahassee FL 32399-0135
income tax.
When to File
You must file Florida Form F-1065 on or before the first Final Returns
If the partnership ceases to exist, write “FINAL RETURN”
day of the fourth month following the close of your taxable
at the top of the form.
year.
If the due date falls on a Saturday, Sunday, or federal or General Information Questions
state holiday, the return is considered to be filed on time if
postmarked on the next business day. Enter the FEIN. If you do not have an FEIN, obtain one
from the Internal Revenue Service (IRS). You can:
Extension of Time to File
To apply for an extension of time for filing Florida Form • Apply online at irs.gov
F-1065, you must complete Florida Form F-7004, Florida • Apply by mail with IRS Form SS-4. To obtain this
Tentative Income/Franchise Tax Return and Application form, download or order it from irs.gov or call
for Extension of Time to File Return. 800-829-3676.
You must file Florida Form F-7004 to extend your time Enter the Principal Business Activity Code that applies to
to file. A copy of your federal extension alone will not Florida business activities. If the Principal Business
extend the time for filing your Florida return. See Rule Activity Code is unknown, see the IRS “Codes for
12C-1.0222, Florida Administrative Code (F.A.C.), for Principal Business Activity” section of federal Form 1065.
information on the requirements that must be met for your General Information
request for an extension of time to be valid. Both the income and the apportionment factors are
Extensions are valid for six months. You are only considered to “flow through” to the members of a
allowed one extension. partnership or joint venture.
Use parts I and II of the Florida Partnership Information
Attachments and Statements
Return to determine each partner’s share of the Florida
You may use attachments if the lines on Florida Form
partnership income adjustment.

- 4 -

Enlarge image

F-1065N
R. 01/24
Page 2 of 4
Parts III and IV are used to determine the adjustment Line E. Partnership income adjustment
that must be made to each partner’s apportionment Calculate the total partnership income adjustment (sum of
factors. For example, a corporate partner’s share of the Lines C and D). Enter net increases to income on Line 1.
partnership’s sales within Florida will be added to the Enter net decreases to income on Line 2.
corporation’s sales within Florida. The partner’s share
of the partnership’s “everywhere sales” will be added to Part II. Distribution of Partnership
the corporation’s “everywhere sales.” The corporation’s
sales apportionment factor, as reflected on Schedule III of Income Adjustment
Florida Form F-1120, will be equal to: Distributing each partner’s share of the total partnership
income adjustment (Part I, Line E) is accomplished in
(corporation’s Florida sales +
Part II.
share of partnership’s Florida sales)
(corporation’s everywhere sales + Each corporate partner must enter its share of the
share of partnership’s everywhere sales) adjustment in Column (c) on its Florida Corporate Income/
Franchise Tax Return (Florida Form F-1120). It should
Part I. Florida Adjustment to enter increases under “Other Additions” on Schedule I,
Florida Form F-1120 and should enter decreases under
Partnership Income “Other Subtractions” on Schedule II, Florida Form F-1120.
Line A. Additions to federal income
1. Federal tax-exempt interest Part III. Apportionment Information
Enter the amount of interest which is excluded from You must complete this part if either the partnership or
ordinary income under section (s.) 103(a), Internal any of the partners subject to the Florida Income Tax
Revenue Code (IRC), or any other federal law, less Code does business outside Florida.
the associated expenses disallowed in computing
ordinary income under s. 265, IRC, or any other law. Florida taxpayers doing business outside the state
must apportion their business income to Florida based
2. State income taxes deducted in computing on a three-factor formula. There are exceptions to
federal ordinary income this three-factor formula for insurance companies,
Enter the sum of any tax on or measured by income, transportation services, citrus processing companies,
which is paid or accrued as a liability to the District taxpayers granted permission to use a single sales factor
of Columbia or any state of the United States and is under s. 220.153, F.S., and taxpayers who were given
deductible from gross income in computing federal prior permission by the Department to apportion income
ordinary income for the taxable year. You should using a different method under s. 220.152, F.S.
exclude taxes based on gross receipts or revenues.
The three-factor formula measures Florida’s share of
3. Other additions adjusted federal income by ratios of the taxpayer’s
Enter any other items you are required to add as an property, payroll, and sales in Florida, to total property,
adjustment to calculate adjusted federal income. payroll, and sales found or occurring everywhere.
Line B. Subtractions from federal income For more information about apportioning income see
Enter any items required to be subtracted as an s. 220.15, F.S., and Rule 12C-1.015, F.A.C.
adjustment to calculate adjusted federal income.
III-A, Line 1 (and Part III-C). Average value of property
For example, s. 220.13(1)(e), F. S., provides for a The property factor is a fraction. The numerator of
subtraction taken equally over a seven year period this fraction is the average value of real and tangible
corresponding to the add back to adjusted federal income personal property owned or rented and used during the
for the special bonus depreciation. taxable year in Florida. The denominator is the average
value of such property owned or rented and used
Line C. Subtotal
Subtract Line B from Line A. everywhere during the taxable year. The property factor
for corporations included within the definition of financial
Line D. Net adjustment from other partnerships or organizations must also include intangible personal
joint ventures property, except goodwill.
If, because of Florida changes, the partnership’s share
of income from other partnerships or joint ventures is
different from the amount included in federal taxable
income, you must make an appropriate adjustment on
Line D. Attach a schedule explaining any adjustment.

- 5 -

Enlarge image

F-1065N
R. 01/24
Page 3 of 4

Property owned is valued at original cost, without regard Florida defines the term “sales” as gross receipts without
to accumulated depreciation. Property rented is valued at regard to returns or allowances. The term “sales” is not
eight times the net annual rental rate. You must reduce limited to tangible personal property, and includes:
the net annual rental rate by the annual rental rate
received from sub-rentals. (a) Rental or royalty income if such income is significant
in the taxpayer’s business.
In Part III-C, Lines 1 through 4, enter the beginning-
of-year and end-of-year balances for property owned (b) Interest received on deferred payments of sales of
and used within Florida, as well as property owned and real or tangible personal property.
used everywhere. Place the total value of the columns (c) Sales of services.
on Line 5. Calculate the average values as provided on
Lines 6 and 7. Enter the Florida average in Part III-A, (d) Income from the sale, licensing, or other use of
Line 1, Column (a). Enter the average everywhere in intangible personal property such as patents and
Part III-A, Line 1, Column (b). copyrights.
III-A, Line 2. Salaries, wages, commissions, and other (e) For financial organizations, income from intangible
compensation personal property.
The payroll factor is a fraction. The numerator of
this fraction is the total amount paid to employees in Sales will be attributable to Florida using these criteria:
Florida during the taxable year for compensation. The (a) Sales of tangible personal property will be “Florida
denominator is the total compensation paid to employees sales” if the property is delivered or shipped to a
everywhere during the taxable year. Enter the numerator purchaser within Florida.
in Part III-A, Line 2, Column (a) and enter the denominator
in Part III-A, Line 2, Column (b). (b) Rentals will be “Florida sales” if the real or tangible
personal property is in Florida.
For purposes of this factor, compensation is paid within
Florida if: (c) Interest received on deferred payments of sales of
real or tangible personal property will be included in
(a) The employee’s service is performed entirely within “Florida sales” if the sale of the property is in Florida.
Florida, or
(d) Sales of service organizations are within Florida if
(b) The employee’s service is performed both within and the services are performed in Florida.
without Florida, but the service performed outside
Florida is incidental to the employee’s service, or For a financial organization, “Florida sales” will also
(c) Some of the employee’s service is performed in include:
Florida and either the base of operations or the (a) Fees, commissions, or other compensation for
place from which the service is directed or controlled financial services rendered within Florida.
is in Florida, or the base of operations or place from
which the service is controlled is not in any state in (b) Gross profits from trading in stocks, bonds, or other
which some part of the service is performed and the securities managed within Florida.
employee’s residence is in Florida. (c) Interest, other than interest from loans secured by
The partnership must attach a statement listing all mortgages, deeds of trust, or other liens on real or
compensation paid or accrued for the taxable year other tangible personal property found outside Florida.
than that as shown on federal Form 1125-A or page 1 of (d) Dividends received within Florida.
the federal Form 1065.
(e) Interest charged to customers at places of business
III-A, Line 3. Sales maintained within Florida for carrying debit balances
The sales factor is a fraction. The numerator of this of margin accounts, without deduction of any costs
fraction is the total sales of the taxpayer in Florida during incurred in carrying such accounts.
the taxable year. The denominator is the total sales of
the taxpayer everywhere during the taxable year. Enter (f) Interest, fees, commissions, and other charges or
the numerator in Part III-A, Line 3, Column (a) and the gains from loans secured by mortgages, deeds
denominator in Part III-A, Line 3, Column (b). of trust, or other liens on real or tangible personal
property found in Florida or from installment sale
agreements originally completed by a taxpayer or
his agent to sell real or tangible personal property
located in Florida.
(g) Any other gross income, including other interest
resulting from the operation as a financial
organization within Florida.

- 6 -

Enlarge image

F-1065N
R. 01/24
Page 4 of 4

III-B. Special Industry Apportionment Fraction Part IV. Apportionment of Partners’ Share
Special methods of apportioning income by taxpayers
providing insurance or transportation services are Each partner’s share of the apportionment factors is
provided. For example, the income attributable to determined by multiplying the amount in Part III-A, on
transportation services is apportioned to Florida by Lines 1, 2, and 3 by the percentage interest of each
multiplying the adjusted federal income by a fraction. partner. Amounts determined should be added to each
The numerator is the “revenue miles” within Florida and partner’s apportionment factors included on its Florida
the denominator is the “revenue miles” everywhere. For Form F-1120.
transportation other than by pipeline, a revenue mile is the Partnerships subject to a special industry apportionment
transportation of one passenger or one net ton of freight fraction (for example, those engaged mainly in
the distance of one mile for a consideration. transportation services) should adjust this schedule to
report each partner’s share of the special apportionment
fraction (for example, revenue miles for transportation
companies).

Information, forms, and tutorials are available on the Department's website at floridarevenue.com

To speak with a Department representative, call Taxpayer Services at 850-488-6800, Monday through
Friday (excluding holidays).

To find a taxpayer service center near you, visit floridarevenue.com/taxes/servicecenters

For written replies to tax questions, write to:
Taxpayer Services - MS 3-2000
Florida Department of Revenue
5050 W Tennessee St
Tallahassee FL 32399-0112

Subscribe to our tax publications to receive due date reminders or an email when we post:
• Tax Information Publications (TIPs).
• Proposed rules, notices of rule development workshops, and more.
Visit floridarevenue.com/dor/subscribe

References
The following documents were mentioned in this form and are incorporated by reference in the rules indicated below.
The forms are available online at floridarevenue.com/forms.

Form F-1065 Florida Partnership Information Return Rule 12C-1.051, F.A.C.

Form F-1120 Florida Corporate Income/Franchise Tax Return Rule 12C-1.051, F.A.C.

Form F-7004 Florida Tentative Income/Franchise Tax Return Rule 12C-1.051, F.A.C.
and Application for Extension of Time to File Return

PDF file checksum: 2070317073

(Plugin #1/9.12/13.0)