1040-NR

Foreign Partner’s Interests in Certain Partnerships Transferred During Tax Year

Agency
IRS
Revision
2025
Fillable fields
106
Pages
2
Official source
IRS form page
Checked
October 21, 2026
Fill 1040-NR online
Page 1 of form 1040-NR

Schedule P (Form 1040-NR): Foreign Partner's Partnership Interests Transferred

Schedule P (Form 1040-NR), Foreign Partner's Interests in Certain Partnerships Transferred During Tax Year, is a two-page schedule for the 2025 tax year. It says "Attach to Form 1040-NR," and the name line reads "Name shown on Form 1040-NR (foreign partner)."

Part I lists each partnership interest the foreign partner transferred during the year: the partnership's name, address and EIN, the percentage interest or units transferred, and the dates acquired and transferred. Part II figures the gain or loss on each transfer, using amounts from Schedule K-3 (Form 1065), Part XIII.

The schedule points to www.irs.gov/Form1040NR for instructions and the latest information. This page has the 2025 schedule. The PDF can be filled out free in the browser on this page and downloaded without an account.

What's on Schedule P (Form 1040-NR)

Part I: interests transferred

Rows A to D, each with (a) partnership name, (b) address, (c) EIN, (d)(1) percentage interest transferred, (d)(2) units transferred, (e) date acquired and (f) date transferred.

Part I totals

Two lines below the table: the total number of transfers reported on all Schedules P, and the total proceeds or amount realized from Part II, line 1 of all Schedules P.

Part II, lines 1 to 3

Proceeds or amount realized, the section 705 outside basis, and the total outside gain or loss, figured as line 1 minus line 2, in columns A to D for each interest.

Part II, lines 4 to 9

Outside ordinary and capital gain or loss, the effectively connected amounts from Schedule K-3 (Form 1065), Part XIII, lines 2 and 3, and the recognized effectively connected gain or loss on lines 8 and 9.

Part II, lines 10 to 17

Collectibles gain and unrecaptured section 1250 gain, completed only if the line 5 gain or loss is long term and Schedule K-3 (Form 1065), Part XIII, line 4 or 5 shows an amount.

Part II, line 18

Capital gain or loss that would be recognized under section 897(g) on the deemed sale of U.S. real property interests, from Schedule K-3 (Form 1065), Part XIII, line 7.

How to fill out Schedule P (Form 1040-NR)

  1. 1

    Name and number

    Enter the name shown on Form 1040-NR and the identifying number at the top of both pages.

  2. 2

    Part I rows

    Enter one transferred partnership interest per row, A to D, with the dates in mm/dd/yyyy format. For more than four, continue on another Schedule P (Form 1040-NR).

  3. 3

    Part I totals

    Enter the total number of transfers and the total proceeds or amount realized reported on all of the filer's Schedules P (Form 1040-NR).

  4. 4

    Part II lines 1 to 9

    The schedule says to complete lines 1 to 9 if Schedule K-3 (Form 1065), Part XIII, has information on lines 1 through 6, and lines 1 to 3 and line 18 if it has information on line 7.

  5. 5

    Part II lines 10 to 17

    Complete these only if the capital gain or loss on line 5 is long term and an amount was reported on Schedule K-3 (Form 1065), Part XIII, line 4 or line 5. Line 16 follows the source of the line 9 amount.

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Where it goes and where to find instructions

Attach to Form 1040-NR

The schedule says "Attach to Form 1040-NR." Its attachment sequence number is 7D.

Instructions

The schedule says to go to www.irs.gov/Form1040NR for instructions and the latest information. Its Disclosure, Privacy Act and Paperwork Reduction Act Notice is in the Instructions for Form 1040-NR.

Amounts from Schedule K-3

Lines 4, 6, 7, 13, 14 and 18 take amounts from Schedule K-3 (Form 1065), Part XIII, lines 1 to 5 and line 7.

Related forms

Who fills out Schedule P (Form 1040-NR)?

  • Foreign partners filing Form 1040-NR

    The name line reads "Name shown on Form 1040-NR (foreign partner)," with the filer's identifying number beside it.

  • Partners who transferred an interest

    Part I lists partnership interests transferred during the tax year, with the percentage interest or units transferred and the dates acquired and transferred.

  • Partners with Schedule K-3 (Form 1065) data

    Part II uses amounts from the partner's Schedule K-3 (Form 1065), Part XIII. Which lines are completed depends on which Part XIII lines hold information.

  • More than four transfers

    The schedule's note says that with more than four partnership interests transferred, the filer continues on separate Schedules P (Form 1040-NR) as needed.

The schedule is attached to Form 1040-NR. Its name line is for the foreign partner shown on that return.

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Questions about Form 1040-NR

What return does Schedule P (Form 1040-NR) go with?

The schedule says "Attach to Form 1040-NR." Its name line is for the foreign partner named on that return.

How many transfers fit on one schedule?

Part I has four rows, A to D. The schedule's note says to continue on separate Schedules P (Form 1040-NR) for more than four partnership interests.

Where do the Part II amounts come from?

Several lines take amounts from Schedule K-3 (Form 1065), Part XIII, which the partnership provides. The schedule names Part XIII lines 1 to 5 and line 7.

Where are the instructions for Schedule P?

The schedule points to www.irs.gov/Form1040NR for instructions and the latest information, and to the Instructions for Form 1040-NR for its Paperwork Reduction Act Notice.