65: Partnership/Limited Liability Company Return of Income (2024)
Alabama · Alabama DOR · Used for tax years 2024
Alabama Form 65 is the 2024 Partnership/Limited Liability Company Return of Income. It reports business income, deductions, Alabama adjustments, and income or loss allocated or apportioned to Alabama.
What you'll need
Attach a copy of Federal Form 1065. Form 65 states that the return is incomplete without it.
Other attachments depend on the items you report. These include:
- Federal Form 1125-A for cost of goods sold.
- Schedule F (Federal Form 1040) for net farm profit or loss.
- Federal Form 4797 for the gains or losses identified on page 1, line 6, and Schedule K, line 9.
- Form 7205 for the energy efficient commercial buildings deduction.
- Form 8825 for net rental real estate income or loss.
- Schedule PC for total credits on Schedule K.
- Statements for other income, taxes and licenses, other deductions, and other items where the form asks for supporting detail.
- Prior written approval if using separate accounting for a multistate company.
Have your company's federal employer identification number, federal business code, member counts, income and expense figures, and beginning- and end-of-year balance sheet information available.
How to file
Complete the applicable parts of Form 65 and attach Federal Form 1065 and the other required supporting documents. The signature area calls for the general partner's signature, date, daytime telephone number, and Social Security number.
Mail to:
Alabama Department of Revenue
Income Tax Administration Division
P.O. Box 327441
Montgomery, AL 36132-7441
Common mistakes
- Leaving out Federal Form 1065. The return is incomplete without a copy attached.
- Including nonbusiness items on lines 1a through 22. The form cautions that these lines are only for trade or business income and expenses.
- Deducting oil and gas depletion on page 1, line 17. That line specifically says not to deduct it there.
- Completing Schedules B or C for an Alabama-only business. Both schedules say not to complete them if the entity operates exclusively in Alabama.
- Using Schedule K to allocate separately stated income for a multistate entity. The form warns against this and refers to the instructions for Schedule B.
- Using separate accounting without attaching approval. The filing-status area requires prior written approval and says it must be attached.
Questions people ask
Can this version be used for a fiscal year?
Yes. The form covers calendar year 2024 or a fiscal year beginning in 2024, with spaces for the beginning and ending dates.
Where do I report wholly owned disregarded entities?
Schedule D asks you to list disregarded entities in which the taxpayer holds 100% ownership. It requests each entity's name, FEIN, income or loss from all sources, and Alabama-source income or loss.
Can I authorize the department to discuss my return with my preparer?
Yes. The signature area has a checkbox authorizing a Department of Revenue representative to discuss the return and attachments with your preparer.
What if the company was dissolved, sold, or incorporated?
Schedule E asks you to check the applicable box, describe the change, and provide the name and address of the new company, corporation, or owners.