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on lines 31a through 31e, respectively. Do

line 33a, 33e, 33i, 33m, or 33q the de

under section 1(h) and Notice 97-59 must

not enter a negative number on lines 31a

minimis extraordinary items that the

be considered in determining the category

through 31e. See section 1(h) and Notice

partnership chooses to exclude from

of income the reduction amounts offset.

97-59, 1997-45 I.R.B. 7, for rules for

line 31a, 31b, 31c, 31d, or 31e,

Lines 33c, 33g, 33k, 33o, and

netting gains and losses.

respectively. See Extraordinary items,

33s

earlier.

Line 32—Annualization

Enter the reduction amounts resulting from

Amounts

Enter on lines 33i, 33m, and 33q the

certified partner-level items received from

specified types of ECTI if the partner

Enter the annualization amounts for the

foreign partners using Form 8804-C. See

would be entitled to use a preferential rate

option used on line 30. For example, if the

Certification of Deductions and Losses in

on the income or gain (see Regulations

partnership elects Option 1, enter on

the Instructions for Forms 8804, 8805, and

section 1.1446-3(a)(2)).

line 32 the annualization amounts 6, 3,

8813 for additional information. The

1. Line 33i—See section 1(h)(4) and

1.71429, and 1.2, in columns (a) through

netting rules under section 1(h) and Notice

(d), respectively.

the instructions for line 18, Schedule D

97-59 must be considered in determining

(Form 1040), for more information

the category of income the reduction

regarding 28% rate gain.

amounts offset.

1st

2nd

3rd

4th

Install-

2. Line 33m—See section 1(h)(6) and

Part IV—Required

ment

the instructions for line 19, Schedule D

Installments Under Part II

Standard

(Form 1040), for more information

Option

1.33333

regarding unrecaptured section 1250 gain.

and/or Part III

Option 1

1.71429

1.2

3. Line 33q—Adjusted net capital gain

Line 38

Option 2

2.4

1.5

1.09091

is net capital gain, as defined in section

1222(11), reduced (but not below zero) by

Before completing line 38 in columns (b)

the sum of (a) unrecaptured section 1250

Lines 33a, 33e, 33i, 33m, and

through (d), complete lines 39 through 43

gain and (b) 28% rate gain, plus qualified

in each of the preceding columns. For

33q

dividend income. See section 1(h)(3).

example, complete lines 39 through 43 in

If the partnership has certain extraordinary

column (a) before completing line 38 in

Lines 33b, 33f, 33j, 33n, and 33r

items that total $1 million or more from a

column (b).

particular transaction, or a section 481(a)

Enter the reduction amounts for state and

Line 43—Required Installments

adjustment, special rules apply. Include

local taxes under Regulations section

these amounts on line 33a, 33e, 33i, 33m,

1.1446-6(c)(1)(iii). See Reductions for

For each installment, enter the smaller of

or 33q, depending upon the type of

State and Local Taxes in the Instructions

line 39 or line 42 on line 43. Also enter the

income against which the item applies, for

for Forms 8804, 8805, and 8813 for

result on line 11.

the appropriate period. Also include on

additional information. The netting rules

Paperwork Reduction Act Notice. Your use of this form is optional. It is provided to aid the partnership in determining its tax liability.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form

displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents

may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential,

as required by section 6103.

The time needed to complete this form will vary depending on individual circumstances. The estimated average time is:

Form

Learning about the law or the

Recordkeeping

Preparing the form

form

8804-W, Part I

9 hr., 34 min.

47 min.

59 min.

8804-W, Part II

21 hr., 45 min.

12 min.

33 min.

8804-W, Part III

22 hr., 28 min.

6 min.

28 min.

8804-W, Part IV

5 hr., 58 min.

6 min.

12 min.

If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would be

happy to hear from you. You can send us comments from Click on “More Information” and then on

“Comment on Tax Forms and Publications.” You can write to the Internal Revenue Service, Tax Forms and Publications,

SE:W:CAR:MP:TFP, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Do not send the tax form to this office. Instead,

keep the form for your records.

Instructions for Form 8804-W (2014)

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Instructions For Form 8804-W (Worksheet) - Installment Payments Of Section 1446 Tax For Partnerships - 2014 Page 4

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