Schedule O (8865) Transfer of Property to a Foreign Partnership

2007 Schedule O (Form 8865)
Transfer of Property to a Foreign Partnership
(under section 6038B)
Purpose: This is the first circulated draft of the 2007 Schedule O (Form 8865) for your
review and comments. There are no major changes.
TPCC meeting: No meeting is planned, but you may request one by contacting Kelli Patilla.
Prior Revisions The 2006 Schedule O (Form 8865) may be accessed at:
http://www.irs.gov/pub/irs-pdf/f8865so.pdf
Other products Circulations of draft tax forms and instructions are posted at
http://taxforms.web.irs.gov/draft_products.html. Draft publications are not
available.
Comments: Please email, fax, call, or mail any comments by June 22, 2007, to me at the
address below and email the form’s reviewer, Sharon Dewsbury, at
Sharon.A.Dewsbury@irs.gov.
Kelli Patilla
Tax Forms and Publications
SE:W:CAR:MP:T:B
Phone: 202-283-2734
Email: Kelli.M.Patilla2@irs.gov

SCHEDULE O

Transfer of Property to a Foreign Partnership

OMB No. 1545-1668

(under section 6038B)

2006

(Form 8865)
Department of the Treasury
Internal Revenue Service

©

Attach to Form 8865. See Instructions for Form 8865.

Filer’s identifying number

Name of transferor

Name of foreign partnership

Part I
Type of
property

Transfers Reportable Under Section 6038B
(a)
Date of
transfer

(b)
Number of
items
transferred

(c)
Fair market
value on date
of transfer

(d)
Cost or other
basis

(e)
Section 704(c)
allocation
method

(f)
Gain
recognized on
transfer

(g)
Percentage interest
in partnership after
transfer

(f)
Depreciation
recapture
recognized
by partnership

(g)
Gain allocated
to partner

(h)
Depreciation
recapture allocated
to partner

Cash
Marketable
securities

Inventory

Tangible
property
used in trade
or business
Intangible
property

Other
property

Supplemental Information Required To Be Reported (see instructions):

Part II
(a)
Type of
property

Part III

Dispositions Reportable Under Section 6038B
(b)
Date of
original
transfer

(c)
Date of
disposition

(d)
Manner of
disposition

(e)
Gain
recognized by
partnership

Is any transfer reported on this schedule subject to gain recognition under section 904(f)(3) or
©
section 904(f)(5)(F)?

For Paperwork Reduction Act Notice, see the Instructions for Form 8865.

Printed on recycled paper

Cat. No. 25909U

Yes

No

Schedule O (Form 8865) 2006