Installment Payments of Section 1446 Tax for Partnerships                                                 OMB No. 1545-0123
Form 8804-W                               (WORKSHEET for the partnership’s records—Do Not File)
Department of the Treasury  For calendar year 2025, or tax year beginning             , 2025, ending            , 20                  2025
Internal Revenue Service          Go to www.irs.gov/Form8804W for instructions and the latest information.
Part I Determination of Installment Payments
1    Allocable share of effectively connected taxable income (ECTI) expected for the 
     tax year for all foreign partners. See instructions.
a    Total ECTI allocable to corporate partners  .    .  . .              . . . .   . . . .          1a
b    Reduction  to  line  1a  for  state  and  local  taxes  under  Regulations  section
     1.1446-6(c)(1)(iii)      . . . . . . .  .   .    .  . .              . . . .   . . . .          1b (                          )
c    Reduction  to  line  1a  for  certified  foreign  partner-level  items  submitted  using 
     Form 8804-C            . . . . . . . .  .   .    .  . .              . . . .   . . . .          1c (                          )
d    Combine lines 1a, 1b, and 1c  .    . .  .   .    .  . .              . . . .   . . . . .        .  . . . . . .                 1d
e    Total ECTI allocable to non-corporate partners other than on lines 1i, 1m, and 1q               1e
f    Reduction  to  line  1e  for  state  and  local  taxes  under  Regulations  section
     1.1446-6(c)(1)(iii)      . . . . . . .  .   .    .  . .              . . . .   . . . .          1f (                          )
g    Reduction  to  line  1e  for  certified  foreign  partner-level  items  submitted  using 
     Form 8804-C            . . . . . . . .  .   .    .  . .              . . . .   . . . .          1g (                          )
h    Combine lines 1e, 1f, and 1g     . . .  .   .    .  . .              . . . .   . . . . .        .  . . . . . .                 1h
i    28% rate gain (non-corporate partners only)  .      . .              . . . .   . . . .          1i
j    Reduction to line 1i for state and local taxes under Regulations section 1.1446-6(c)(1)(iii)    1j (                          )
k    Reduction  to  line  1i  for  certified  foreign  partner-level  items  submitted  using 
     Form 8804-C            . . . . . . . .  .   .    .  . .              . . . .   . . . .          1k (                          )
l    Combine lines 1i, 1j, and 1k  .  . . .  .   .    .  . .              . . . .   . . . . .        .  . . . . . .                 1l
m    Unrecaptured section 1250 gain (non-corporate partners only)  .                . . . .       1m
n    Reduction  to  line  1m  for  state  and  local  taxes  under  Regulations  section
     1.1446-6(c)(1)(iii)      . . . . . . .  .   .    .  . .              . . . .   . . . .          1n (                          )
o    Reduction to line 1m for certified foreign partner-level items submitted using 
     Form 8804-C            . . . . . . . .  .   .    .  . .              . . . .   . . . .          1o (                          )
p    Combine lines 1m, 1n, and 1o  .    . .  .   .    .  . .              . . . .   . . . . .        .  . . . . . .                 1p
q    Adjusted net capital gain (including qualified dividend income and net section
     1231 gain) (non-corporate partners only)    .    .  . .              . . . .   . . . .          1q
r    Reduction to line 1q for state and local taxes under Regulations section 1.1446-6(c)(1)(iii)    1r (                          )
s    Reduction to line 1q for certified foreign partner-level items submitted using 
     Form 8804-C            . . . . . . . .  .   .    .  . .              . . . .   . . . .          1s (                          )
t    Combine lines 1q, 1r, and 1s     . . .  .   .    .  . .              . . . .   . . . . .        .  . . . . . .                 1t
2    Multiply line 1d by 21% (0.21)  .  . .  .   .    .  . .              . . . .   . . . . .        .  . . . . . .                 2
3    Multiply line 1h by 37% (0.37)  .  . .  .   .    .  . .              . . . .   . . . . .        .  . . . . . .                 3
4    Multiply line 1l by 28% (0.28)  .  . .  .   .    .  . .              . . . .   . . . . .        .  . . . . . .                 4
5    Multiply line 1p by 25% (0.25)  .  . .  .   .    .  . .              . . . .   . . . . .        .  . . . . . .                 5
6    Multiply line 1t by 20% (0.20)  .  . .  .   .    .  . .              . . . .   . . . . .        .  . . . . . .                 6
7    Add lines 2 through 6  .     . . . . .  .   .    .  . .              . . . .   . . . . .        .  . . . . . .                 7
     Note: If the aggregate line 7 amount of all foreign partners is less than $500, the partnership is not 
     required to make estimated tax payments.
8    Enter the total section 1446 tax that would have been due for 2024, without regard to reductions for 
     certified foreign partner-level items or state and local taxes under Regulations section 1.1446-6(c)(1)
     (iii), on ECTI allocable to all foreign partners for 2024            . . . .   . . . . .        .  . . . . . .                 8
     Caution: This line 8 amount only applies if certain conditions are met. See instructions.
9    Enter the smaller of line 7 or line 8. However, see Caution below. If the line 8 amount does not apply, 
     enter the amount from line 7 on line 9  .   .    .  . .              . . . .   . . . . .        .  . . . . . .                 9
     Caution: If, for any installment payment, line 7 is smaller than line 8 and you enter that smaller line 7 amount, you will not 
     qualify for the prior year safe harbor when determining any penalty due on Schedule A (Form 8804). See instructions.
                                                                                (a)               (b)             (c)                      (d)
10   Installment due dates.See instructions      .    .    10
11   Enter 25% (0.25) of line 9 in columns (a) through 
     (d). If the partnership uses the annualized income 
     installment  method  or  the  adjusted  seasonal 
     installment method, then enter the amount from 
     line 43  . .        .  . . . . . . . .  .   .    .    11
12   Enter certain amounts paid or credited for each 
     period. See instructions  .    . . . .  .   .    .    12
13   Balance due. Subtract line 12 from line 11 .     .    13
For Paperwork Reduction Act Notice, see instructions.                                 Cat. No. 40849X                                 Form 8804-W (2025)

Form 8804-W (2025)                                 WORKSHEET—Do Not File                                      Page 2
Part II Adjusted Seasonal Installment Method (see instructions) 
        (Use this method only if the base period percentage for any 6 consecutive months is at least 70%.)
                                                                                  (a)      (b)      (c)       (d)
                                                                                  First 3  First 5  First 8   First 11 
                                                                                  months   months   months    months
14  Enter  ECTI  allocable  to  all  foreign  partners  for  the  following 
    periods.
a   Tax year beginning in 2022  .  . .  .    . . . . . .          . .          14a
b   Tax year beginning in 2023  .  . .  .    . . . . . .          . .          14b
c   Tax year beginning in 2024  .  . .  .    . . . . . .          . .          14c
15  Enter  ECTI  allocable  to  all  foreign  partners  for  each  period  for 
    the tax year beginning in 2025. See instructions for the treatment 
    of extraordinary items  . .  . . .  .    . . . . . .          . .          15
                                                                                  First 4  First 6  First 9   Entire  
                                                                                  months   months   months    year
16  Enter  ECTI  allocable  to  all  foreign  partners  for  the  following 
    periods.
a   Tax year beginning in 2022  .  . .  .    . . . . . .          . .          16a
b   Tax year beginning in 2023  .  . .  .    . . . . . .          . .          16b
c   Tax year beginning in 2024  .  . .  .    . . . . . .          . .          16c
17  Divide the amount in each column on line 14a by the amount 
    in column (d) on line 16a  . . . .  .    . . . . . .          . .          17
18  Divide the amount in each column on line 14b by the amount 
    in column (d) on line 16b  . . . .  .    . . . . . .          . .          18
19  Divide the amount in each column on line 14c by the amount 
    in column (d) on line 16c  . . . .  .    . . . . . .          . .          19
20  Add lines 17 through 19  .   . . .  .    . . . . . .          . .          20
21  Divide line 20 by 3.0  .  .  . . .  .    . . . . . .          . .          21
22a Divide line 15 by line 21  . . . .  .    . . . . . .          . .          22a
b   Extraordinary items (see instructions) . . . . . . .          . .          22b
c   Combine lines 22a and 22b  .   . .  .    . . . . . .          . .          22c
23  Reduction  to  line  22c  amount  for  state  and  local  taxes 
    under  Regulations  section  1.1446-6(c)(1)(iii)  and  for  certified 
    foreign partner-level items submitted using Form 8804-C. See 
    instructions  .  . . .    .  . . .  .    . . . . . .          . .          23
24  Subtract line 23 from line 22c. If zero or less, enter -0-  . . .          24
25a Multiply the ECTI on line 24 allocable to non-corporate partners 
    by 37% (0.37)    . . .    .  . . .  .    . . . . . .          . .          25a
b   Multiply the ECTI on line 24 allocable to corporate partners by 
    21% (0.21)     . . . .    .  . . .  .    . . . . . .          . .          25b
c   Combine lines 25a and 25b  .   . .  .    . . . . . .          . .          25c
26a Divide the amount in columns (a) through (c) on line 16a by the 
    amount in column (d) on line 16a  . .    . . . . . .          . .          26a
b   Divide the amount in columns (a) through (c) on line 16b by the 
    amount in column (d) on line 16b  . .    . . . . . .          . .          26b
c   Divide the amount in columns (a) through (c) on line 16c by the 
    amount in column (d) on line 16c  . .    . . . . . .          . .          26c
27  Add lines 26a through 26c  .   . .  .    . . . . . .          . .          27
28  Divide line 27 by 3.0  .  .  . . .  .    . . . . . .          . .          28
29  Multiply the amount in columns (a) through (c) of line 25c by 
    the amount in the corresponding column of line 28. In column 
    (d), enter the amount from line 25c, column (d). See line 37 for 
    instructions  .  . . .    .  . . .  .    . . . . . .          . .          29
                                                                                                         Form 8804-W (2025)

Form 8804-W (2025)                                  WORKSHEET—Do Not File                                                                                      Page 3
Part III Annualized Income Installment Method (see instructions)
                                                                                      (a)                    (b)                    (c)                   (d)
                                                                                      First                  First                  First                 First
30 Annualization periods (see instructions)  .  . . . .     .    . .              30  months                 months                 months                months
31 Enter ECTI allocable to all foreign partners for each annualization 
   period. See instructions for the treatment of extraordinary items.
a  Total ECTI allocable to corporate partners  .  . . .     .    . .              31a
b  Total ECTI allocable to non-corporate partners other than on 
   lines 31c, 31d, and 31e  .     .  . . .    . . . . .     .    . .              31b
c  28% rate gain (non-corporate partners only)  .   . .     .    . .              31c
d  Unrecaptured section 1250 gain (non-corporate partners only)                   31d
e  Adjusted net capital gain (including qualified dividend income 
   and net section 1231 gain) (non-corporate partners only)  .     .              31e
32 Annualization amounts (see instructions)     . . . .     .    . .              32
33 Annualized allocable share of ECTI for all foreign partners. See instructions 
   for the treatment of extraordinary items, and for rules regarding the 
   reductions for state and local taxes and certified foreign partner-level items.
a  Total ECTI allocable to corporate partners (multiply line 31a by line 32)      33a
b  Reduction to line 33a for state and local taxes under Regulations 
   section 1.1446-6(c)(1)(iii)  . .  . . .    . . . . .     .    . .              33b (                    ) (                    ) (                    )(                    ) 
c  Reduction  to  line  33a  for  certified  foreign  partner-level  items 
   submitted using Form 8804-C  .      . .    . . . . .     .    . .              33c (                    ) (                    ) (                    )(                    ) 
d  Combine lines 33a, 33b, and 33c  .    .    . . . . .     .    . .              33d
e  Total ECTI allocable to non-corporate partners other than on 
   lines 31i, 31m, and 31q (multiply line 31b by line 32) . .    . .              33e
f  Reduction to line 33e for state and local taxes under Regulations 
   section 1.1446-6(c)(1)(iii)  . .  . . .    . . . . .     .    . .              33f (                    ) (                    ) (                    )(                    ) 
g  Reduction  to  line  33e  for  certified  foreign  partner-level  items 
   submitted using Form 8804-C  .      . .    . . . . .     .    . .              33g (                    ) (                    ) (                    )(                    ) 
h  Combine lines 33e, 33f, and 33g  .    .    . . . . .     .    . .              33h
i  28% rate gain allocable to non-corporate partners (multiply line 
   31c by line 32)  . . .       . .  . . .    . . . . .     .    . .              33i
j  Reduction to line 33i for state and local taxes under Regulations 
   section 1.1446-6(c)(1)(iii)  . .  . . .    . . . . .     .    . .              33j (                    ) (                    ) (                    )(                    ) 
k  Reduction  to  line  33i  for  certified  foreign  partner-level  items 
   submitted using Form 8804-C  .      . .    . . . . .     .    . .              33k (                    ) (                    ) (                    )(                    ) 
l  Combine lines 33i, 33j, and 33k     . .    . . . . .     .    . .              33l
m  Unrecaptured  section  1250  gain  allocable  to  non-corporate 
   partners (multiply line 31d by line 32)  . . . . . .     .    . .              33m
n  Reduction to line 33m for state and local taxes under Regulations 
   section 1.1446-6(c)(1)(iii)  . .  . . .    . . . . .     .    . .              33n (                    ) (                    ) (                    )(                    ) 
o  Reduction to line 33m for certified foreign partner-level items 
   submitted using Form 8804-C  .      . .    . . . . .     .    . .              33o (                    ) (                    ) (                    )(                    ) 
p  Combine lines 33m, 33n, and 33o .     .    . . . . .     .    . .              33p
q  Adjusted net capital gain (including qualified dividend income 
   and  net  section  1231  gain)  (non-corporate  partners  only) 
   (multiply line 31e by line 32)  . . . .    . . . . .     .    . .              33q
r  Reduction to line 33q for state and local taxes under Regulations 
   section 1.1446-6(c)(1)(iii)  . .  . . .    . . . . .     .    . .              33r (                    ) (                    ) (                    )(                    ) 
s  Reduction  to  line  33q  for  certified  foreign  partner-level  items 
   submitted using Form 8804-C  .      . .    . . . . .     .    . .              33s (                    ) (                    ) (                    )(                    ) 
t  Combine lines 33q, 33r, and 33s  .    .    . . . . .     .    . .              33t
34 Figure the tax on line 33 amounts as follows.
a  Multiply line 33d by 21% (0.21) .   . .    . . . . .     .    . .              34a
b  Multiply line 33h by 37% (0.37) .   . .    . . . . .     .    . .              34b
c  Multiply line 33l by 28% (0.28)  .  . .    . . . . .     .    . .              34c
d  Multiply line 33p by 25% (0.25) .   . .    . . . . .     .    . .              34d
e  Multiply line 33t by 20% (0.20)  .  . .    . . . . .     .    . .              34e
f  Add lines 34a through 34e  .      . . .    . . . . .     .    . .              34f
35 Applicable percentage        . .  . . .    . . . . .     .    . .              35  25%                    50%                    75%                   100%
36 Multiply line 34f by line 35. See line 37 for instructions  . . .              36
                                                                                                                                           Form 8804-W (2025)

Form 8804-W (2025)                                   WORKSHEET—Do Not File                                          Page 4
Part IV Required Installments Under Part II and/or Part III
Note: Complete lines 37 through 43 of one column before completing              (a)         (b)         (c)         (d)
the next column.                                                                1st         2nd         3rd         4th 
                                                                                installment installment installment installment
37    If only Part II or Part III is completed, enter the amount in each 
      column  from  line  29  or  line  36.  If  both  parts  are  completed, 
      enter the    smaller of the amounts in each column from line 29 
      or line 36  . . .   . . . .   .   . . .   .  . .  .  .       . .        37
38    Add  the  amounts  in  all  preceding  columns  of  line  43.  See 
      instructions  . .   . . . .   .   . . .   .  . .  .  .       . .        38
39    Adjusted  seasonal  or  annualized  income  installments. 
      Subtract line 38 from line 37. If zero or less, enter -0-  . . .        39
40    Enter 25% (0.25) of line 7 in each column  . . .  .  .       . .        40
41    Subtract line 43 of the preceding column from line 42 of the 
      preceding column  .   . . .   .   . . .   .  . .  .  .       . .        41
42    Add lines 40 and 41  .  . .   .   . . .   .  . .  .  .       . .        42
43    Required installments.  Enter the smaller of line 39 or line 42 
      here and on line 11   . . .   .   . . .   .  . .  .  .       . .        43
                                                                                                             Form 8804-W (2025)