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Form 1040-NRP: 1040-NR (Schedule P)
IRS Form 1040‑NR Schedule P is an attachment for foreign partners to report interests in up to four partnerships transferred during the tax year, including dates, percentages, and gain or loss calculations. Attach to Form 1040‑NR.
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IRS Form 1040-NRP - 1040-NR (Schedule P)
IRS Form 1040‑NR Schedule P is an attachment for foreign partners to report interests in up to four partnerships transferred during the tax year, including dates, percentages, and gain or loss calculations. Attach to Form 1040‑NR.
Risk Radar
Scan points- 1Failing to attach Schedule P to Form 1040‑NR can invalidate the return.
- 2Omitting partnership interests beyond four without adding extra Schedule P forms.
- 3Leaving the percentage interest transferred blank in Part I.
- 4Not entering total proceeds in Part II, Line 1.
- 5Failing to subtract line 2 from line 1 to compute line 3.
Plain English
Schedule P lets a foreign partner tell the IRS about each partnership interest they sold during the year. It records the partnership name, ownership percentage, dates, and the profit or loss from the sale. The totals are then added to the partner's Form 1040‑NR.
Submission Date
- Filing date: 2026-01-06 16:10:39
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when a foreign partner transferred partnership interests during the tax year and must report them on Form 1040‑NR.
- Do not use it when more than four partnership interests were transferred in the year; additional schedules are required.
- Check Schedule K‑3 (Form 1065) instead when detailed partnership gain or loss information is needed for lines 1‑7.
Form selector
Use this form or another form?
Reporting a foreign partner’s partnership interest transfer on an individual return
Schedule P must be attached to the nonresident alien income tax return
✓ Confirm you are filing Form 1040‑NR
Needing detailed partnership gain/loss amounts for the transfer
Lines 1‑7 of Schedule P pull amounts from Schedule K‑3 Part XIII
✓ Verify Schedule K‑3 is completed and attached
Transferring more than four partnership interests in the year
Each Schedule P lists up to four interests; extra interests require another schedule
✓ Count partnership interests and prepare extra Schedule P if needed
Additional Schedule P (Form 1040‑NR)
Deadline or filing window
Not stated in the official source
Checklist
What you need before filling it out
Part I – Name of partnership
Partnership name · Schedule P, Part I, column (a)
Part I – Address
Partnership address · Schedule P, Part I, column (b)
Part I – EIN
Employer Identification Number · Schedule P, Part I, column (c)
Part I – Percentage interest transferred
Percentage interest value · Schedule P, Part I, column (d)(1)
Part II – Proceeds/amount realized
Amount realized from transfer · Schedule P, Part II, line 1
Before you submit
- 1Enter the total number of partnership interest transfers on the field at the top of Part I.
- 2List each partnership’s name, address, and EIN in columns (a)–(c).
- 3Record the percentage interest transferred in column (d)(1) and units transferred in column (d)(2).
- 4Provide the acquisition date in column (e) and the transfer date in column (f).
- 5Enter the total proceeds/amount realized on Part II, line 1.
- 6Enter the Section 705 outside basis on line 2 and compute line 3 (proceeds minus basis).
- 7Transfer any required amounts from Schedule K‑3 (Form 1065) to lines 4‑9 as instructed.
How to file this form
- 1Complete Part I entries for each partnership interest transferred.
- 2Calculate and enter values on Part II lines 1‑9.
- 3Attach any required Schedule K‑3 (Form 1065) providing the referenced amounts.
- 4Attach the finished Schedule P to the primary Form 1040‑NR.
- 5Mail the combined packet to the IRS address indicated in the Form 1040‑NR instructions.
- 6Keep the mailing receipt as proof of filing.
Known limitations
- 1Applies only to foreign partners; domestic partners must use a different schedule.
- 2Limits each Schedule P to four partnership interests; additional interests need separate schedules.
- 3Only relevant for partnership interests transferred during the tax year; other ownership changes are not reported here.
Field map
Compact field-by-field guide
Personal Info
3 items
Enter your legal first and last name as shown on your Social Security card.
Your SSN must match IRS records exactly.
Current mailing address including street, city, state, and ZIP code.
Filing Status
1 items
Select: Single, Married Filing Jointly, Married Filing Separately, Head of Household, or Qualifying Surviving Spouse.
Income
1 items
Sum of all income sources — wages, interest, dividends, business income, capital gains, unemployment, retirement, and other income.
Adjustments
1 items
Total income minus above-the-line deductions such as IRA contributions, student loan interest, and HSA contributions.
Deductions
1 items
Choose the higher of the standard deduction for your filing status or total itemized deductions from Schedule A.
Tax
1 items
AGI minus deductions. This determines your tax bracket and the amount of tax owed.
Payments
1 items
Sum of federal tax withheld, estimated tax payments, and refundable credits like the Child Tax Credit.
Signatures
1 items
You must sign and date the return. Unsigned returns are invalid.
Almost done reviewing the fields?
Fillable formOpen in Editor->The form is the 2025 edition (shown as “2025” on the title page) and the top of page 1 directs users to www.irs.gov/Form1040NR for the latest information.
What changed or needs a fresh check
- Edition date — confirm the heading reads 2025
- Fee — Not stated in the official source
- Mailing address — Not stated in the official source
- Signature — Not stated in the official source
Quick Facts
Downloads
After you file
- 1Retain a copy of the completed Schedule P with your tax records.
- 2Store the documents for at least three years in case of IRS inquiry.
- 3Watch for an IRS acknowledgment or notice confirming receipt.
- 4If an error is discovered, file an amended Schedule P with a corrected Form 1040‑NR.
- 5Update your records of partnership interests to reflect the reported transfer.
Sources
- SRCForm p.1 — title shows “SCHEDULE P (Form 1040‑NR) 20 25 … Foreign Partner’s Interests in Certain Partnerships Transferred During Tax Year”.
- SRCForm p.1 — instruction to attach to Form 1040‑NR.
- SRCForm p.1 — note that if more than four partnership interests are transferred, continue on separate Schedules P.
- SRCForm p.2 — Part II line 1 description: “Proceeds/amount realized from the transfer of partnership interest”.
- SRCForm p.2 — line 2 description: “Section 705 outside basis”.
- SRCForm p.2 — lines 4‑9 reference amounts from Schedule K‑3 (Form 1065), Part XIII.
- SRCForm p.2 — lines 10‑17 instruction to complete only if capital gain on line 5 is long term and Schedule K‑3 provides line 4 or 5.
- SRCForm p.2 — line 18 description: “Capital gain (loss) that would be recognized under section 897(g) … line 7”.
- SRCForm p.2 — creation date “Created 4/17/25”.
- SRCForm p.1 — web address “www.irs.gov/Form1040NR for instructions and the latest information”.
Common confusion points
Do I need to file Schedule P if I had no gain or loss?
The form asks for proceeds and basis even when zero, leading to doubt.
→ Enter zeros for lines 1‑3 if no amount was realized.
Can I report more than four partnership interests on one Schedule P?
The form limits entries to four per schedule.
→ Count entries; use an additional Schedule P for any excess.
Which lines pull data from Schedule K‑3?
Instructions reference lines 4‑9 but do not list each line explicitly.
→ Verify that amounts from Schedule K‑3 Part XIII are entered on the corresponding lines.
What date format should I use?
The form specifies (mm/dd/yyyy) but users may try other formats.
→ Use the month/day/year format exactly as shown.
Is the EIN required for every partnership?
Some filers omit it, assuming it’s optional.
→ Provide the EIN in column (c) for each partnership listed.
When should I complete lines 10‑17?
Those lines apply only to long‑term capital gains with specific Schedule K‑3 entries.
→ Complete them only if line 5 shows a long‑term gain and Schedule K‑3 supplies lines 4 or 5.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Schedule K‑3 (Form 1065) — review and correct any mismatched amounts before re‑filing Schedule P.
Questions about IRS Form 1040-NRP
What is IRS Form 1040-NRP used for?
Schedule P lets a foreign partner tell the IRS about each partnership interest they sold during the year. It records the partnership name, ownership percentage, dates, and the profit or loss from the sale. The totals are then added to the partner's Form 1040‑NR.
Who must file IRS Form 1040-NRP?
Foreign partners who transferred partnership interests during the tax year must file IRS Form 1040‑NR Schedule P.
What information does IRS Form 1040-NRP require?
Part I lists each transferred partnership (name, address, EIN, % interest, units, acquisition and transfer dates). Part II computes the gain or loss using lines 1‑9 and related calculations.
Where do I file IRS Form 1040-NRP?
Attach Schedule P to Form 1040‑NR and file with that return.
How do I complete IRS Form 1040-NRP?
First, complete Part I for each partnership interest, reporting up to four interests per Schedule P. If more than four interests were transferred, attach additional Schedule P forms. Next, calculate totals and gains or losses in Part II using the specified line formulas. Finally, attach the completed Schedule P(s) to the Form 1040‑NR filing.
Do I need to file Schedule P if I had no gain or loss?
The form asks for proceeds and basis even when zero, leading to doubt. Enter zeros for lines 1‑3 if no amount was realized.
Can I report more than four partnership interests on one Schedule P?
The form limits entries to four per schedule. Count entries; use an additional Schedule P for any excess.
Which lines pull data from Schedule K‑3?
Instructions reference lines 4‑9 but do not list each line explicitly. Verify that amounts from Schedule K‑3 Part XIII are entered on the corresponding lines.
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