SCHEDULE B-2                             Election Out of the Centralized  
(Form 1065)
(December 2018)                            Partnership Audit Regime                                              OMB No. 1545-0123
                                             ▶ 
Department of the Treasury                         Attach to Form 1065 or Form 1066. 
Internal Revenue Service    ▶ Go to www.irs.gov/Form1065 for instructions and the latest information.
Name of Partnership                                                                              Employer Identification Number (EIN)

Certain partnerships with 100 or fewer partners can elect out of the centralized partnership audit regime if each partner is an individual, 
a C corporation, a foreign entity that would be treated as a C corporation were it domestic, an S corporation, or an estate of a deceased 
partner. For purposes of determining whether the partnership has 100 or fewer partners, the partnership must include all shareholders of 
any S corporation that is a partner. By completing Part I, you are making an affirmative statement that all of the partners in the 
partnership are eligible partners under section 6221(b)(1)(C) and you have provided all of the information on this schedule. See the 
instructions, including the instructions for the treatment of real estate mortgage investment conduits (REMICs), for more details.
Part I   List of  Eligible Partners  
         Use the following codes under Type of Eligible Partner: 
         I – Individual   C – Corporation   E – Estate of Deceased Partner   F – Eligible Foreign Entity   S – S corporation
                                   Name of Partner                                   Taxpayer Identification Number (TIN) Type of Eligible 
                                                                                                                          Partner (Code)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Continued on Part IV
Part II  List of S Corporation Shareholders (For each S corporation partner, complete a separate Part II and 
         separate Part V, if needed.) 
         Use the following codes under Type of Person: 
         I – Individual   E – Estate of Deceased Shareholder   T – Trust   O – Other
Name of 
S Corporation Partner ©                                                                          TIN of Partner ©
                              Name of Shareholder                                             Shareholder TIN             Type of Person 
                                                                                                                          (Code)
1
2
3
4
5
6
7
8
9
10
11
12
Continued on Part V
Part III Total Number of Schedules K-1 Required To Be Issued.  See instructions.
1     Total of Part I and all Parts IV Schedules K-1 required to be issued by the partnership .  . . .        1
2     Total of Part II and all Parts V Schedules K-1 required to be issued by any S corporation partners .    2
3     Total. Add line 1 and line 2 . . . . .       . . . . . . .        . . . . .    . . .    .  . . .        3
Note: If line 3 is more than 100, the partnership cannot make the election under section 6221(b).
For Paperwork Reduction Act Notice, see the Instructions for Form 1065.       Cat. No. 69658K        Schedule B-2 (Form 1065) (12-2018)

Schedule B-2 (Form 1065) (12-2018)                                  Page 2 
Name of Partnership                                             Employer Identification Number (EIN)

Part IV Continuation of List of Eligible Partners  
        Use the following codes under Type of Eligible Partner: 
        I – Individual   C – Corporation    E – Estate of Deceased Partner   F – Eligible Foreign Entity   S – S corporation 
                                   Name of Partner              TIN Type of Eligible 
                                                                    Partner (Code)
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
                                                                    Schedule B-2 (Form 1065) (12-2018)

Schedule B-2 (Form 1065) (12-2018)                                  Page 3 
Name of Partnership                                             Employer Identification Number (EIN)

Part IV Continuation of List of Eligible Partners  
        Use the following codes under Type of Eligible Partner: 
        I – Individual   C – Corporation    E – Estate of Deceased Partner   F – Eligible Foreign Entity   S – S corporation 
                                   Name of Partner              TIN Type of Eligible 
                                                                    Partner (Code)
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
                                                                    Schedule B-2 (Form 1065) (12-2018)

Schedule B-2 (Form 1065) (12-2018)                                                                 Page 4 
Name of Partnership                                                                Employer Identification Number (EIN)

Part V  Continuation of List of S Corporation Shareholders (For each S corporation partner, complete a separate 
        Part II and separate Part V, if needed.) 
        Use the following codes under Type of Person: 
        I – Individual   E – Estate of Deceased Shareholder   T – Trust   O – Other
Name of 
S Corporation Partner ©                                                            TIN of Partner ©
                                   Name of Shareholder                             Shareholder TIN Type of Person 
                                                                                                   (Code)
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
                                                                                   Schedule B-2 (Form 1065) (12-2018)

Schedule B-2 (Form 1065) (12-2018)                                                                 Page 5 
Name of Partnership                                                                Employer Identification Number (EIN)

Part V  Continuation of List of S Corporation Shareholders (For each S corporation partner, complete a separate 
        Part II and separate Part V, if needed.) 
        Use the following codes under Type of Person: 
        I – Individual   E – Estate of Deceased Shareholder   T – Trust   O – Other
Name of 
S Corporation Partner ©                                                            TIN of Partner ©
                                   Name of Shareholder                             Shareholder TIN Type of Person 
                                                                                                   (Code)
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
                                                                                   Schedule B-2 (Form 1065) (12-2018)