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PERMIT LISTED WELL TYPE: Oil Production Gas Production WI Water Injection Disposal Water Supply OBS Observation Service WellSWDSalt Waterfall STATUS: Original Well. CONVConversion of an existing permit
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What is box 1294?
Box 1294 is a part of the IRS Form 1065 used to report partnership income, deductions, and credits to the IRS.
Who is required to file box 1294?
Partnerships that have items to report on Form 1065 are required to file box 1294.
How to fill out box 1294?
To fill out box 1294, enter the total amount of the partnership's income, deductions, and credits in the appropriate fields of Form 1065.
What is the purpose of box 1294?
The purpose of box 1294 is to report the financial activities of a partnership to the IRS for tax purposes.
What information must be reported on box 1294?
Box 1294 must report partnership income, expenses, deductions, and credits relevant to the tax year.
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