Enlarge image | Partner’s Additional Reporting Year Tax OMB No. 1545-0123 Form 8978 (December 2019) Department of the Treasury © Go to www.irs.gov/Form8978 for instructions and the latest information. Attachment Internal Revenue Service Sequence No. 57 Name of partner(s) Partner tax ID number Part I Computation of Additional Reporting Year Tax (see instructions) (a) (b) (c) (d) Tax Year Ended Tax Year Ended Tax Year Ended Tax Year Ended / /20 / /20 / /20 / /20 1a Total income per original return or as previously adjusted . . . . . . . . . . . . . 1a b Adjustments to income from Schedule A (Form 8978), line 2, columns (a) through (d) . . . . 1b 2 Combine lines 1a and 1b and enter the corrected income. See instructions . . . . . . . . 2 3a Total deductions per original return or as previously adjusted . . . . . . . . . 3a b Adjustments to deductions from Schedule A (Form 8978), line 4, columns (a) through (d) . . 3b 4 Combine lines 3a and 3b and enter the corrected deductions. See instructions . . . . . . 4 5 Corrected taxable income. Subtract line 4 from line 2 . . . . . . . . . . . . . . 5 6 Income tax on line 5 (see instructions) . . . 6 7 Alternative minimum tax on line 5 (see instructions) 7 8 Total corrected income tax. Add lines 6 and 7 . 8 9a Total credits per original return or as previously adjusted . . . . . . . . . . . . . 9a b Adjustments to credits from Schedule A (Form 8978), line 6, columns (a) through (d) . . . . 9b 10 Combine lines 9a and 9b and enter the corrected credits. See instructions . . . . . . . . 10 11 Total corrected income tax liability. Subtract line 10 from line 8 . . . . . . . . . . . 11 12 Total income tax shown on original return or as previously adjusted . . . . . . . . . 12 13 Increase/Decrease to tax. Subtract line 12 from line 11, columns (a) through (d) . . . . . . 13 14 Total increase/decrease to reporting year tax. Add line 13, columns (a) through (d). Enter here and on the appropriate line on your tax return . . . . . . . . . . . . . . . . . . . . . 14 Part II Penalties (see instructions) 15 Penalties . . . . . . . . . . . . . 15 16 Total penalties. Add line 15, columns (a) through (d) . . . . . . . . . . . . . . . . . 16 Part III Interest (see instructions) 17 Interest . . . . . . . . . . . . . 17 18 Total interest. Add line 17, columns (a) through (d) . . . . . . . . . . . . . . . . . 18 For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 37802K Form 8978 (12-2019) |