Volume 37 Number 4 - Internal Revenue Service · 2018-05-26 · 3 Spring 201 Individual Income Tax Returns, Preliminary Data, 2016 Statistics of Income ulletin $67,565 (0.3 percent),

w w w . i r s . g o v / t a x s t a t sStatistics of Income Bulletin | Spring 2018

SOI BULLETIN A QUARTERLY STATISTICS OF INCOME REPORT | Volume 37 Number 4

The Statistics of Income (SOI) Bulletin is issued quarterly by the Statistics of Income Division of the Internal Revenue Service. The report provides the earliest published annual fi-nancial statistics obtained from the various types of tax and information returns filed, as well as information from periodic or special analytical studies of particular interest to students of the U.S. tax system, tax policymakers, and tax administra-tors. Selected historical and other data tables, previously pub-lished in the spring issue of the Bulletin are now only available on SOI’s pages of the IRS Web site (https://www.irs.gov/uac/ soi-tax-stats-historical-data-tables).

Information on the availability of supplemental data on the topics included in this issue or other SOI subjects, may be ob-tained by sending an email to SOI’s Statistical Information Services at [email protected], or by writing to the Director, Statistics of Income Division RAAS:S, Internal Revenue Service, 1111 Constitution Avenue, NW, K-Room 4112, Washington, D.C. 20224.

The SOI Bulletin is prepared under the direction of Wayne Kei, Chief, Data Dissemination Section. Paul Bastuscheck (layout and graphics), Clay Moulton (layout and graphics), Lisa Smith (layout and graphics editor), and Camille Swick (layout and graphics) are the editorial staff who prepare the manuscript. Shannon Cook, Emily Gross, Jim Hobbs, and Beth Kilss also made major contributions in the production of this issue. Views expressed in the article are those of the author and do not nec-essarily represent the views of the Treasury Department or the Internal Revenue Service.

NOTE: When using information from this report, cite the pub-lication as follows—

Internal Revenue ServiceStatistics of Income BulletinWinter 2018Washington, D.C.

Inside This Issue:Individual Income Tax Returns, Preliminary Data, Tax Year 2016 2by Michael ParisiFor Tax Year 2016, taxpayers filed 150.3 million U.S. individ-ual income tax returns, a decrease of 0.2 percent from the 150.6 million returns filed for Tax Year 2015. For 2016, adjusted gross income (AGI) only increased 0.1 percent to $10.2 trillion. This small increase in AGI reflected minor increases in salaries and wages (1.5 percent) and taxable pensions and annuities (0.4 percent) along with declines in partnership and S corporation net income less loss (1.1 percent) and net capital gains (11.7 percent).

Partnership Returns, 2015 17by Ron DeCarlo and Nina ShumofskyPartnership Returns, Tax Year 2015. The number of partner-ships in the United States continued to increase for Tax Year 2015. Partnerships filed more than 3.7 million returns for the year, representing more than 27 million partners. The real estate and leasing sector contained almost half of all partnerships (49.7 percent) and over a quarter of all partners (29.2 percent).


by Michael Parisi

1 Even though final estimates for Tax Year 2015 are available, comparing preliminary estimates for Tax Year 2016 to final estimates may yield misleading results because preliminary estimates tend to be underestimated for certain items. Comparisons based entirely on preliminary estimates reduce the likelihood of misinterpreting the data and afford a more accurate representation of year-to-year changes. [Final statistics for Tax Year 2015 are available in Publication 1304, Individual Income Tax Returns Complete Report, 2015.]2 The remaining 1.3 percent of the returns did not need to claim either a standard deduction or itemized deductions because no AGI was reported or the return was filed as married filing separately and the spouse itemized.

This article presents selected income and tax items from in-dividual income tax returns using preliminary data for Tax Year 2016 and comparable data for Tax Year 2015.1 For

Tax Year 2016, taxpayers filed 150.3 million U.S. individual income tax returns, which were filed primarily in 2017 (see Data Sources and Limitations), a decrease of 0.2 percent from the 150.6 million returns filed for Tax Year 2015. For 2016, ad-justed gross income (AGI) only increased 0.1 percent to $10.2 trillion. This small increase in AGI reflected minor increases in salaries and wages (1.5 percent) and taxable pensions and annuities (0.4 percent) along with declines in partnership and S corporation net income less loss (1.1 percent) and net capital gains (11.7 percent). Taxable income decreased by 0.1 percent to $7.3 trillion in 2016. Moreover, total income tax decreased by 0.5 percent to $1.4 trillion, and total tax liability also decreased by 0.5 percent to $1.5 trillion. However, the alternative mini-mum tax rose by 0.7 percent to $26.6 billion.

Adjusted Gross IncomeSeveral key components contributed to the minimal growth in total adjusted gross income in 2016 (Table 1). The largest component of AGI, salaries and wages, only increased 1.5 per-cent to $7,388.4 billion. The second largest component, taxable pensions and annuities, increased 0.4 percent to $703.6 billion. Other items related to retirement also increased, including tax-able Social Security benefits, which rose 2.8 percent to $285.5 billion, and taxable IRA distributions, which increased 1.5 per-cent to $254.5 billion. Alternatively, some investment compo-nents of AGI showed decreases. Net capital gains, for instance, decreased 11.7 percent to $536.6 billion, and ordinary divi-dends decreased 4.7 percent to $218.9 billion. Business income items that decreased included partnership and S corporation net income less loss (1.1 percent) and sole proprietorship net income (2.0 percent). Unemployment compensation showed a decrease, dropping 6.5 percent to $25.4 billion as the number of tax returns reporting taxable unemployment compensation fell 10.5 percent to 5.6 million returns.

AdjustmentsStatutory adjustments to total income increased 2.2 percent to $145.2 billion for Tax Year 2016. The largest statutory adjust-ment was the deduction for the self-employment tax, which de-creased 1.5 percent from $27.9 billion to $27.5 billion. The self-employment health insurance deduction grew to $26.9 billion,

Individual Income Tax Returns, Preliminary Data, 2016

a 4.5-percent increase. Payments to self-employed retirement (Keogh) plans decreased 0.1 percent to $22.1 billion, while payments to IRAs increased 2.8 percent to $13.6 billion. Other adjustments that grew from 2015 levels were health savings ac-count deduction (16.4 percent), certain business expenses of re-servists, performing artists, and fee-basis government officials (5.7 percent), alimony paid (4.4 percent), educator expenses (3.0 percent), and domestic production activities deduction (2.0 percent).

DeductionsTotal deductions, the sum of standard deductions (comprised of the basic and additional standard deductions) and total itemized deductions, increased 0.5 percent to $2,118.6 billion in Tax Year 2016. Most tax returns (68.7 percent) claimed a standard deduc-tion, but standard deductions accounted for 42.4 percent of total deductions. The total amount of the standard deduction claimed for TY 2016 fell 0.8 percent, while the average standard deduc-tion claimed only increased from $8,691 for 2015 to $8,694 for 2016. Itemized deductions were claimed on only 30.0 percent of all returns for 2016 but they accounted for more than half (57.6 percent) of total deductions.2 The amount of itemized deduc-tions claimed increased 1.5 percent to $1,220.9 billion, while the average amount increased 0.2 percent to $27,108.

Total taxes paid, which includes State and local income and sales taxes and is the largest itemized deduction, increased 1.3 percent to $546.6 billion. Interest paid, the second largest item-ized deduction, decreased 0.2 percent from the previous year to $293.8 billion. Mortgage interest accounted for 94.8 percent ($278.6 billion) of the total interest paid deduction. Other item-ized deductions included the charitable contributions deduction, up 1.1 percent to $203.5 billion, and the medical and dental ex-penses deduction, up 4.0 percent to $87.5 billion.

Taxable Income and Total Income Tax Taxable income, which is the result of AGI less exemptions and deductions, decreased 0.1 percent to $7.3 trillion for 2016. With the decrease in taxable income, total income tax fell 0.5 percent to $1.4 trillion. The alternative minimum tax (AMT) rose by 0.7 percent to $26.6 billion. The number of returns with AMT liability also increased, rising 3.7 percent from 4.4 million in 2015 to 4.6 million in 2016.

Average AGI reported on all 2016 individual income tax returns was $67,755, an increase from the 2015 amount of

3 Spring 2018


Statistics of Income Bulletin

$67,565 (0.3 percent), and average taxable income (for those returns with taxable income) was $63,278. The average taxable income amount represented a decrease from the 2015 amount of $63,691 (0.6 percent). Average income tax for taxable returns fell 1.5 percent to $14,441.

Tax Credits Tax credits offset tax liabilities, and when the amount of the credit is greater than the tax liability, the excess, depending on the credit, is often refundable. Examples of credits where the excess is refundable include the earned income tax credit (EIC) and the additional child tax credit. For 2016, the total amount of EIC claimed decreased 2.7 percent to $67.9 billion. The por-tion of the EIC used to offset income tax before credits fell 5.4 percent to $1.4 billion, and the portion of the EIC used to offset other taxes (such as the self-employment tax) fell 0.1 percent to $8.4 billion. The largest part of the EIC, the excess or refund-able portion, decreased 3.0 percent to $58.1 billion for 2016.

For 2016, total child tax credits claimed (the sum of the child tax credit and additional child tax credit) declined 2.8 percent to $52.8 billion. The parameters for the child tax credits are not automatically indexed for inflation, and thus, the income thresh-olds beyond which the credits are phased down and the amount of the credit per child were unchanged from 2015. The amount of the child tax credit used to offset income taxes decreased 1.0 percent to $27.1 billion, while the additional child tax credit (most of which was refundable) decreased 4.6 percent to $25.7 billion.

In all, the refundable portion of refundable tax credits totaled $87.7 billion for 2016, representing a 3.8-percent decrease from Tax Year 2015. This, however, exceeded the $73.0 billion in total tax credits used against income tax. Notable percentage increases in these credits included the general business credit (15.2 percent) and the residential energy credit (13.2 percent). The foreign tax credit had the largest decline (13.2 percent) of all the credits.

Affordable Care ActA major tax law change that started in 2014 was the implemen-tation of certain provisions of the Affordable Care Act (ACA) (Public Law 111–148). The ACA contained comprehensive health insurance reforms and included tax provisions that af-fected individuals. The ACA established the premium tax credit (PTC) for taxpayers who enroll in a qualified health plan (QHP) offered through a Marketplace. The PTC provided financial as-sistance to help pay QHP premiums by reducing the amount of tax owed or providing a refund. The PTC was claimed at the time the taxpayer filed his or her return. The Advance Premium Tax Credit (APTC) was a payment during the year to the taxpay-er’s insurance provider that paid for part of or all the premiums. A taxpayer’s APTC eligibility was based on the Marketplace’s estimate of the PTC that the taxpayer would be able to claim on his or her tax return. Differences between the APTC that was paid during the year and final value of the PTC are reconciled on Form 8962, Premium Tax Credit, filed with the taxpayer’s return. If the APTC was more than the PTC, the taxpayer had to

repay this excess, subject to a limit. If PTC was more than the APTC, the excess was used to reduce the taxpayer’s tax pay-ment or increased the taxpayer’s refund.

The PTC was taken on 5.4 million returns on the Form 8962 for 2016 (an increase of 7.6 percent from 2015), for a total of $21.8 billion (up 21.4 percent). Also for 2016, some 6.1 million returns (up 6.9 percent) reported an APTC on Form 8962 total-ing $24.2 billion (up 20.9 percent). When the PTC and APTC were reconciled, 2.6 million returns (an 11.5-percent increase) received a net PTC totaling $1.8 billion (up 22.3 percent), and 3.4 million returns (up 4.8 percent) had to repay excess APTCs of $3.0 billion (up 14.7 percent). These data do not reflect amended returns or errors that were corrected after initial processing.

The ACA required that individuals have health care coverage for 2016, qualify for a health coverage exemption, or make a shared responsibility payment with a tax return. A health care individual responsibility payment was made on 4.9 million re-turns, down from the 6.6 million returns in 2015 (26.6 percent). The health care individual responsibility payments totaled $3.5 billion, an average of $716 per tax return paying this penalty. In 2015, the health care individual responsibility payments totaled $3.0 billion for an average of $457 per tax return paying the penalty. (See Changes in Law and Inflationary Adjustments.)

Changes in Law and Inflationary AdjustmentsIn general, the definitions used in this article are the same as those in Publication 1304, Individual Income Tax Returns Complete Report, 2015. The following is a partial list of tax law changes and inflationary adjustments that had an impact on the data presented in this article.

Alternative minimum tax (AMT)—For Tax Year 2016, the maximum AMT exemption increased from $83,400 to $83,800 for a married couple filing a joint return, from $53,600 to $53,900 for single filers and heads of household, and from $41,700 to $41,900 for a married person filing separately. Also for 2016, the 26-percent tax rate applied to the first $186,300 ($93,150 if married filing separately) of alternative minimum taxable income. Previously it applied to the first $185,400 ($92,700) of such income.

Earned income credit—The maximum amount of the earned income credit increased, as did the amounts of earned income and investment income an individual could have received and still claim the credit. The maximum credit for taxpayers with no qualifying children rose to $506 from $503. For these taxpayers, earned income and AGI had to be less than $14,880 ($20,430 if married filing jointly) to be eligible for the EIC. For taxpayers with one qualifying child, the maximum credit increased from $3,359 to $3,373, and, for taxpayers with two qualifying chil-dren, the maximum credit increased from $5,548 to $5,572. To be eligible for the credit, a taxpayer’s earned income and AGI had to be less than $39,296 ($44,846 for married filing jointly) for one qualifying child, or less than $44,648 ($50,198 for mar-ried filing jointly) for two qualifying children. The maximum credit for taxpayers with three or more qualifying children in-creased from $6,242 to $6,269. For these taxpayers, earned income and AGI had to be less than $47,955 ($53,505 if married

4 Spring 2018



filing jointly) to be eligible for the EIC. The maximum amount of investment income (interest, dividends, and capital gain income) a taxpayer could have and still claim the credit was $3,400 for the year.

Exemption amount—For Tax Year 2016, the personal ex-emption amount increased $50 to $4,050. For 2016, the amount was reduced if the taxpayer’s AGI was more than $155,650 ($154,950 in 2015) for married filing separately, $259,400 ($258,250 in 2015) for single, $285,350 ($284,050 in 2015) for head of household, and $311,300 ($309,900 in 2015) for mar-ried filing jointly.

Health care: Individual responsibility—For 2016, taxpayers must have had health care coverage, qualified for a health cov-erage exemption, or made a shared responsibility payment with their tax return. The shared responsibility payment increased to $695 per adult and $347.50 per child (under 18) up to $2,085 for a family or 2.5% of the taxpayer’s household income above the tax return filing threshold for the taxpayers filing status, which-ever was greater. For 2015, it was $325 per adult and $162.50 per child up to $975 for a family or 2% of the taxpayer’s house-hold income above the tax return filing threshold for the taxpay-ers filing status, whichever was greater.

Itemized deductions—For 2016, a taxpayer could have had their itemized deductions limited if adjusted gross income was more than $155,650 for married filing separately, $259,400 for single, $285,350 for head of household, and $311,300 for mar-ried filing jointly. The corresponding amounts for 2015 were $154,950 for married filing separately, $258,250 for single, $284,050 for head of household, and $309,900 for married filing jointly.

Standard deduction amount—The standard deduction for people who did not itemize deductions on Schedule A of Form 1040 was the same for 2016 as it was for 2015 for all filers except taxpayers filing as heads of household. The amount de-pended on filing status, being 65 or older or blind, and whether an exemption could be claimed for a taxpayer by another person. For 2016, the standard deduction remained at $12,600 for joint filers, the same as in 2015. For single filers and married filing separate filers, the deduction also remained the same as 2015 at $6,300. For heads of households, the deduction increased to $9,300, up from $9,250 in 2015.

Data Sources and LimitationsThe preliminary statistics in this data release are based on a sample of individual income tax returns (Forms 1040, 1040A, and 1040EZ, including electronically filed returns) filed during Calendar Year 2017. Returns in the sample were stratified based on: (1) the larger of positive income or negative income; (2) the size of business and farm receipts; and (3) the presence or absence of specific forms or schedules.3 Returns were then se-lected at rates ranging from 0.1 percent to 100 percent. The pre-liminary Tax Year 2016 data are based on a sample of 267,838 returns and an estimated final population of 151,014,093 re-turns. The corresponding sample and population for the prelimi-nary 2015 data were 257,083 returns and 151,238,929 returns, respectively.

Since the data presented here are estimates based on a sample of returns filed, they are subject to sampling error. To use the statistical data provided properly, the magnitude of the potential sampling error must be known; coefficients of variation (CVs) are used to measure that magnitude. [The reliability of estimates based on samples, and the use of coefficients of variation for evaluating the precision of estimates based on samples, are dis-cussed in “SOI Sampling Methodology and Data Limitations,” located at http://www.irs.gov/pub/irs-soi/sampling.pdf.]

While the preliminary estimates are intended to represent a full year of taxpayer reporting, they are based on returns pro-cessed for tax administration purposes; in the case of 2016 returns, between January and late September of 2017. In gen-eral, returns processed during the remainder of each year tend to have somewhat different characteristics compared to returns processed earlier. These characteristics include, for example, disproportionately large amounts of investment income, passive losses, and alternative minimum tax.

Michael Parisi is an economist with the Individual & Tax-Exempt Special Studies Section. This article was prepared under the direction of Michael Strudler, Chief, Individual Returns Processing & Data Perfection Section, and Michael Weber, Chief, Individual & Tax-Exempt Special Studies Section.

3 Returns in the sample were stratified based on the presence or absence of one or more of the following forms or schedules: Form 2555, Foreign Earned Income; Form 1116, Foreign Tax Credit (Individual, Fiduciary, or Nonresident Alien Individual); Schedule C, Profit or Loss from Business (Sole Proprietorship); and Schedule F, Profit or Loss from Farming.

5 Spring 2018



[(All figures are estimates based on samples—money amounts are in thousands of dollars]

(1) (2) (3) (4) (5)

Number of returns, total 150,565,918 150,315,944 -0.2 34,703,083 29,734,201 Form 1040 returns 85,421,307 86,063,674 0.8 12,812,214 11,014,985 Form 1040A returns 41,133,634 40,336,292 -1.9 9,826,611 13,183,388 Form 1040EZ returns 24,010,976 23,915,978 -0.4 12,064,258 5,535,827 Electronically filed returns [2] 132,251,035 132,409,588 0.1 29,333,842 26,431,567Adjusted gross income (less deficit) 10,172,951,296 10,184,729,067 0.1 80,884,255 657,276,347 Salaries and wages: Number of returns 125,283,036 125,150,106 -0.1 25,225,457 24,909,113 Amount 7,278,186,298 7,388,376,187 1.5 216,283,468 534,428,141 Taxable interest: Number of returns 42,628,389 42,548,410 -0.2 4,930,155 4,138,209 Amount 73,329,112 71,407,046 -2.6 4,645,042 3,014,704 Tax-exempt interest: [3] Number of returns 5,772,571 6,012,143 4.2 437,661 353,869 Amount 57,040,888 56,370,666 -1.2 2,086,878 1,456,580 Ordinary dividends: Number of returns 27,519,936 27,350,244 -0.6 3,167,359 2,304,262 Amount 229,721,327 218,892,983 -4.7 6,942,970 5,654,349 Qualified dividends: Number of returns 25,689,088 25,518,186 -0.7 2,891,817 2,089,018 Amount 181,615,058 175,742,121 -3.2 4,468,951 3,805,984 State income tax refunds: Number of returns 20,462,593 20,975,362 2.5 410,526 801,146 Amount 28,124,473 29,803,549 6.0 399,004 465,539 Alimony received: Number of returns 404,476 405,668 0.3 41,148 91,383 Amount 9,654,891 10,023,057 3.8 355,667 993,466 Business or profession net income: Number of returns 18,756,369 18,905,757 0.8 5,565,375 3,342,848 Amount 375,046,912 367,655,290 -2.0 41,930,890 44,440,779 Business or profession net loss: Number of returns 5,943,072 6,120,036 3.0 1,011,257 1,047,853 Amount 62,117,940 63,022,630 1.5 21,153,119 9,740,059 Net capital gain: [4] Number of returns 15,837,931 14,819,947 -6.4 1,483,722 1,112,312 Amount 607,950,634 536,604,639 -11.7 11,172,020 3,998,574 Capital gain distributions: [4] Number of returns 14,088,024 13,236,410 -6.0 1,459,066 962,853 Amount 73,453,403 42,088,545 -42.7 1,575,955 1,462,005 Net capital loss: Number of returns 8,213,924 8,980,200 9.3 1,450,018 742,114 Amount 18,466,584 19,901,233 7.8 3,265,248 1,631,596 Sales of property other than capital assets, net gain: Number of returns 984,347 894,187 -9.2 108,022 55,711 Amount 22,744,833 15,543,496 -31.7 1,805,025 275,491 Sales of property other than capital assets, net loss: Number of returns 1,052,324 999,011 -5.1 164,808 78,789 Amount 18,238,114 18,503,133 1.5 9,050,665 738,206 Taxable Individual Retirement Arrangement distributions: Number of returns 14,201,166 14,399,801 1.4 1,838,988 1,891,792 Amount 250,683,526 254,463,193 1.5 10,312,662 15,538,803Footnotes at end of table.

All returns

Tax Year2015

Tax Year2016

Percentdifference

$15,000under

$30,000

Under$15,000 [1]

Table 1. Individual Income Tax Returns, Preliminary Data for Tax Years 2015 and 2016: Selected Income and Tax Items, by Size of Adjusted Gross Income

Tax Year 2016

Size of adjusted gross incomeItem

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[All figures are estimates based on samples--money amounts are in thousands of dollars]

(1) (2) (3) (4) (5) Taxable pensions and annuities: Number of returns 28,403,147 28,054,617 -1.2 3,774,496 4,336,546 Amount 700,815,387 703,550,696 0.4 26,454,322 54,111,177 Rent and royalty net income: Number of returns 6,195,659 6,112,976 -1.3 754,369 602,988 Amount 92,102,437 88,951,077 -3.4 4,839,454 4,009,032 Rent and royalty net loss: Number of returns 4,310,573 4,085,246 -5.2 487,267 387,080 Amount 42,407,552 43,108,226 1.7 7,840,151 2,778,533 Rent and royalty net income less loss: Number of returns 10,506,233 10,198,222 -2.9 1,241,636 990,068 Amount 49,694,885 45,842,851 -7.8 -3,000,696 1,230,498 Partnership and S corporation net income: Number of returns 5,361,321 5,364,391 0.1 286,506 327,371 Amount 655,169,213 649,817,239 -0.8 5,557,663 3,567,439 Partnership and S corporation net loss: Number of returns 2,394,983 2,376,820 -0.8 387,624 166,189 Amount 74,869,150 76,073,639 1.6 34,446,610 1,722,681 Partnership and S corporation net income less loss: Number of returns 7,756,304 7,741,211 -0.2 674,129 493,561 Amount 580,300,063 573,743,600 -1.1 -28,888,948 1,844,758 Estate and trust net income: Number of returns 562,255 549,266 -2.3 53,023 38,918 Amount 26,174,791 23,908,205 -8.7 595,782 153,064 Estate and trust net loss: Number of returns 49,718 40,952 -17.6 4,213 * 3,809 Amount 4,480,833 1,522,051 -66.0 520,270 * 58,795 Estate and trust net income less loss: Number of returns 611,972 590,218 -3.6 57,236 42,728 Amount 21,693,958 22,386,154 3.2 75,512 94,269 Farm net income: Number of returns 537,286 488,564 -9.1 83,679 52,516 Amount 14,977,389 12,668,566 -15.4 755,498 574,954 Farm net loss: Number of returns 1,256,182 1,262,214 0.5 247,560 138,126 Amount 26,445,074 28,782,927 8.8 9,208,765 2,594,002 Unemployment compensation: Number of returns 6,233,913 5,579,779 -10.5 725,617 1,353,134 Amount 27,146,461 25,381,039 -6.5 2,306,768 5,707,976 Taxable Social Security benefits: Number of returns 19,655,470 19,917,783 1.3 214,308 3,400,149 Amount 277,814,515 285,532,254 2.8 546,225 8,505,507 Total statutory adjustments: Number of returns 38,459,438 38,637,621 0.5 6,751,954 5,693,409 Amount 142,049,300 145,176,272 2.2 8,909,990 9,230,201 Educator expenses: Number of returns 3,783,131 3,903,183 3.2 113,377 232,598 Amount 967,285 996,770 3.0 24,772 53,128 Certain business expenses of reservists, performing artists, and fee-basis government officials: Number of returns 172,239 162,498 -5.7 20,132 18,776 Amount 597,847 632,073 5.7 105,272 86,961Footnotes at end of table.

Table 1. Individual Income Tax Returns, Preliminary Data for Tax Years 2015 and 2016: Selected Income and Tax Items, by Size of Adjusted Gross Income—Continued

Under$15,000 [1]

$15,000under

$30,000

Tax Year 2016


All returns

Tax Year2015

Tax Year2016

Percentdifference

7 Spring 2018




(1) (2) (3) (4) (5) Payments to an Individual Retirement Arrangement: Number of returns 2,671,897 2,694,545 0.8 100,899 285,574 Amount 13,253,050 13,622,442 2.8 341,733 1,094,648 Student loan interest deduction: Number of returns 12,550,054 12,551,954 0.0 759,138 1,753,780 Amount 13,643,332 13,597,140 -0.3 667,917 1,636,839 Tuition and fees deduction: Number of returns 1,671,524 1,690,715 1.1 454,932 196,156 Amount 3,972,397 3,910,767 -1.6 1,386,649 427,238 Health savings account deduction: Number of returns 1,367,475 1,702,684 24.5 36,244 121,675 Amount 4,172,701 4,857,333 16.4 80,415 180,097 Moving expenses adjustment: Number of returns 1,131,165 1,117,928 -1.2 85,577 170,007 Amount 3,721,613 3,469,049 -6.8 215,058 403,984 Self-employment tax deduction: Number of returns 19,379,805 19,301,404 -0.4 5,384,540 3,320,251 Amount 27,874,627 27,451,816 -1.5 3,070,092 3,318,821 Self-employed health insurance deduction: Number of returns 3,750,069 3,711,403 -1.0 419,827 405,629 Amount 25,732,341 26,896,646 4.5 1,508,706 1,390,307 Payments to a self-employed retirement (Keogh) plan: Number of returns 954,504 930,694 -2.5 10,852 10,503 Amount 22,176,881 22,148,925 -0.1 70,939 113,722 Penalty on early withdrawal of savings: Number of returns 462,599 409,840 -11.4 84,172 66,061 Amount 77,286 106,119 37.3 13,478 35,328 Alimony paid: Number of returns 592,214 580,874 -1.9 47,304 37,411 Amount 11,904,390 12,432,629 4.4 903,676 318,432 Domestic production activities deduction: Number of returns 657,709 670,363 1.9 39,025 30,890 Amount 12,798,480 13,048,677 2.0 365,697 84,307 Other adjustments [5]: Number of returns 121,146 128,331 5.9 10,845 22,789 Amount 1,027,525 1,831,217 78.2 58,944 81,306 Total exemptions: Number of exemptions [6] 293,163,551 290,844,371 -0.8 41,799,349 53,573,629 Amount 1,145,862,358 1,150,899,302 0.4 169,177,453 216,887,519 Total deductions: Number of returns 148,594,382 148,286,513 -0.2 32,678,539 29,732,038 Amount 2,108,106,095 2,118,559,667 0.5 243,552,757 270,927,777 Total standard deduction: Number of returns 104,117,197 103,247,579 -0.8 31,324,294 26,978,202 Amount 904,867,107 897,656,479 -0.8 221,734,725 226,450,028 Basic standard deduction: Number of returns 104,117,197 103,247,579 -0.8 31,324,294 26,978,202 Amount 876,612,501 868,978,191 -0.9 214,165,843 220,321,193 Additional standard deduction: Number of returns 15,137,971 15,353,730 1.4 4,307,662 3,302,468 Amount 28,254,607 28,678,287 1.5 7,568,881 6,128,835Footnotes at end of table.

Tax Year 2016


All returns

Tax Year2015

Tax Year2016

Percentdifference

Under$15,000 [1]

$15,000under

$30,000


8 Spring 2018




(1) (2) (3) (4) (5) Total itemized deductions (after limitation): Number of returns 44,477,185 45,038,934 1.3 1,354,244 2,753,836 Amount 1,203,238,988 1,220,903,188 1.5 21,818,032 44,477,749 Medical and dental expenses deduction: Number of returns 8,655,113 8,823,935 2.0 963,238 1,461,765 Amount 84,180,300 87,520,316 4.0 8,771,542 12,986,643 Taxes paid deduction: Number of returns 44,105,843 44,695,688 1.3 1,291,617 2,669,054 Amount 539,813,263 546,609,973 1.3 5,018,119 9,514,658 State and local income taxes: [7] Number of returns 42,596,926 43,061,784 1.1 1,113,616 2,462,210 Amount 338,281,259 340,353,997 0.6 1,019,081 2,779,767 Income taxes: Number of returns 33,266,107 33,547,028 0.8 421,262 1,225,585 Amount 321,321,321 322,430,547 0.3 600,513 1,688,042 General sales taxes: Number of returns 9,330,819 9,514,756 2.0 692,355 1,236,625 Amount 16,959,939 17,923,450 5.7 418,568 1,091,726 Interst paid deduction: Number of returns 33,195,263 33,349,987 0.5 706,006 1,367,228 Amount 294,456,248 293,761,809 -0.2 4,773,343 8,547,932 Total mortgage interest paid deduction: Number of returns 32,668,175 32,855,668 0.6 692,762 1,338,226 Amount 278,548,442 278,552,421 [9] 4,592,371 8,095,077 Charitable contributions deduction: Number of returns 36,653,154 36,954,106 0.8 840,456 1,929,501 Amount 201,264,228 203,534,065 1.1 1,236,223 4,871,799 Taxable income: Number of returns 115,131,366 115,735,559 0.5 8,149,478 22,576,525 Amount 7,332,804,126 7,323,555,199 -0.1 21,397,029 212,001,025 Alternative minimum tax: Number of returns 4,431,689 4,594,902 3.7 10,195 5,781 Amount 26,434,663 26,619,816 0.7 92,677 7,145 Excess advance premium tax credit repayment: Number of returns 3,263,411 3,421,203 4.8 382,710 1,166,427 Amount 2,606,284 2,989,568 14.7 116,851 453,779 Income tax before credits: Number of returns 114,763,285 115,430,582 0.6 8,133,854 22,511,240 Amount 1,513,655,190 1,506,704,117 -0.5 2,321,722 23,726,091 Total tax credits: [8] Number of returns 49,390,359 48,856,360 -1.1 2,747,639 10,097,895 Amount 75,915,766 72,952,001 -3.9 401,949 4,765,058 Child care credit: Number of returns 6,472,822 6,595,018 1.9 * 6,484 697,593 Amount 3,652,473 3,699,398 1.3 * 1,203 297,736 Credit for the elderly or disabled: Number of returns 48,502 57,731 19.0 23,288 34,442 Amount 6,066 6,080 0.2 3,191 2,889 Child tax credit: Number of returns 22,576,654 22,309,767 -1.2 69,617 3,273,911 Amount 27,355,136 27,082,922 -1.0 17,847 1,489,381Footnotes at end of table.

Under$15,000 [1]

$15,000under

$30,000

Tax Year 2016

Item

All returns

Tax Year2015

Tax Year2016

Percentdifference

Size of adjusted gross income


9 Spring 2018




(1) (2) (3) (4) (5) Education tax credits: Number of returns 9,744,065 9,121,053 -6.4 556,133 2,036,802 Amount 10,399,602 9,803,006 -5.7 129,344 1,509,642 Retirement savings contributions credit: Number of returns 8,204,420 8,568,891 4.4 315,771 3,801,828 Amount 1,460,024 1,558,994 6.8 46,316 680,080 Adoption credit: Number of returns 65,600 67,618 3.1 0 3,092 Amount 260,481 292,328 12.2 0 890 Residential energy credits: Number of returns 2,671,775 2,681,491 0.4 17,147 155,371 Amount 2,099,740 2,376,160 13.2 2,855 51,909 Foreign tax credit: Number of returns 7,993,223 7,782,644 -2.6 131,543 352,026 Amount 21,073,546 18,287,747 -13.2 7,048 43,354 General business credit: Number of returns 261,708 273,977 4.7 2,258 * 5,333 Amount 2,509,816 2,892,487 15.2 9,908 * 1,504 Prior year minimum tax credit: Number of returns 287,901 302,225 5.0 * 1,088 5,466 Amount 947,239 855,251 -9.7 * 213 2,970 Total refundable credits: Number of returns 39,682,003 38,316,086 -3.4 14,630,327 11,755,097 Amount 107,065,684 103,503,434 -3.3 31,986,871 49,280,239 Total refundable credits used to offset income tax before credits: Number of returns 10,165,347 9,711,755 -4.5 1,758,725 1,732,393 Amount 5,749,658 5,474,751 -4.8 183,981 679,579 Total refundable credits used to offset other taxes: Number of returns 9,506,101 9,140,279 -3.8 4,280,466 2,907,203 Amount 10,143,897 10,334,590 1.9 3,989,085 4,112,038 Total refundable credits, refundable portion: Number of returns 30,789,081 29,481,038 -4.2 12,335,423 10,755,127 Amount 91,172,129 87,694,093 -3.8 27,813,805 44,488,622 Total earned income credit (EIC): Number of returns 28,372,696 27,659,275 -2.5 12,984,173 9,128,078 Amount 69,781,235 67,913,569 -2.7 24,017,771 34,777,778 EIC used to offset income tax before credits: Number of returns 4,644,833 4,467,792 -3.8 1,695,993 819,508 Amount 1,497,684 1,416,546 -5.4 164,970 356,739 EIC used to offset other taxes: Number of returns 7,979,427 7,654,366 -4.1 3,982,205 2,437,828 Amount 8,416,295 8,405,557 -0.1 3,660,675 3,567,576 Excess EIC, refundable portion: Number of returns 24,532,344 23,699,286 -3.4 10,729,311 8,842,066 Amount 59,867,257 58,091,466 -3.0 20,192,127 30,853,463 Total additional child tax credit: Number of returns 19,976,623 19,174,000 -4.0 5,533,320 8,294,373 Amount 26,966,249 25,717,612 -4.6 5,594,418 12,167,848 Refundable additional child tax credit used to offset other taxes: Number of returns 1,312,613 1,303,738 -0.7 160,289 326,001 Amount 1,239,269 1,300,522 4.9 150,948 357,245Footnotes at end of table.


Item

All returns

Tax Year2015

Tax Year2016

Percentdifference

Under$15,000 [1]

$15,000under

$30,000

Tax Year 2016


10 Spring 2018



[All figures are estimates based on samples —money amounts are in thousands of dollars]

(1) (2) (3) (4) (5) Refundable additional child tax credit refundable portion: Number of returns 19,285,652 18,429,087 -4.4 5,412,042 8,111,369 Amount 25,726,981 24,417,090 -5.1 5,443,470 11,810,603 Total American opportunity credit: Number of returns 9,773,566 8,893,299 -9.0 1,949,013 1,918,401 Amount 8,765,616 7,985,537 -8.9 1,717,216 1,633,843 Refundable American opportunity credit used to offset income tax before credits: Number of returns 4,879,624 4,523,931 -7.3 8,372 442,943 Amount 3,925,208 3,682,581 -6.2 570 161,795 Refundable American opportunity credit used to offset other taxes: Number of returns 561,681 564,776 0.6 140,142 174,087 Amount 254,872 298,920 17.3 61,269 77,806 Refundable American opportunity credit refundable portion: Number of returns 5,338,664 4,686,325 -12.2 1,909,038 1,663,959 Amount 4,585,536 4,004,036 -12.7 1,655,378 1,394,242 Total net premium tax credit: Number of returns 2,330,354 2,597,688 11.5 1,069,735 1,042,428 Amount 1,486,187 1,817,801 22.3 643,474 692,273 Total premium tax credit: Number of returns 4,991,575 5,369,838 7.6 1,467,859 2,210,193 Amount 17,988,592 21,834,319 21.4 6,713,907 8,358,416 Advance payment of premium tax credit: Number of returns 5,686,143 6,079,181 6.9 1,534,291 2,224,637 Amount 19,978,820 24,158,480 20.9 6,444,412 8,444,451 Self-employment tax: Number of returns 19,379,805 19,301,404 -0.4 5,384,540 3,320,251 Amount 55,711,916 54,877,279 -1.5 6,134,333 6,632,589 Health care individual responsibility payment: Number of returns 6,610,510 4,854,250 -26.6 394,828 1,883,850 Amount 3,018,133 3,476,743 15.2 216,788 1,026,346 Total additional Medicare tax: Number of returns 3,563,867 3,737,021 4.9 7,054 95 Amount 8,599,053 8,543,355 -0.6 15,500 544 Net investment income tax: Number of returns 3,814,187 3,859,907 1.2 ** ** 340 Amount 18,331,173 15,787,601 -13.9 ** ** 693 Total income tax: Number of returns 99,210,352 100,186,946 1.0 6,293,252 16,050,645 Amount 1,453,775,519 1,446,774,367 -0.5 1,826,539 18,583,289 Total tax liability: Number of returns 103,773,536 104,714,007 0.9 9,084,826 16,892,934 Amount 1,520,922,683 1,512,865,452 -0.5 4,461,444 22,791,872Footnotes at end of table.

Item

All returns

Tax Year2015

Tax Year2016

Percentdifference

Under$15,000 [1]

$15,000under

$30,000



Tax Year 2016

11 Spring 2018



[(All figures are estimates based on samples—money amounts are in thousands of dollars]

(6) (7) (8) (9) (10)

Number of returns, total 26,719,052 33,267,270 18,932,828 2,513,376 4,446,135 Form 1040 returns 13,107,120 24,096,127 18,073,716 2,513,376 4,446,135 Form 1040A returns 9,573,610 6,997,265 755,418 0 0 Form 1040EZ returns 4,038,322 2,173,878 103,694 0 0 Electronically filed returns [2] 23,745,009 29,575,368 17,015,621 2,274,244 4,033,937Adjusted gross income (less deficit) 1,046,240,170 2,372,220,817 2,558,780,355 557,603,047 2,911,724,077 Salaries and wages: Number of returns 23,355,103 28,636,980 16,771,457 2,283,007 3,968,990 Amount 866,011,602 1,827,979,156 1,943,727,999 414,707,155 1,585,238,665 Taxable interest: Number of returns 5,351,638 12,077,433 10,606,770 1,761,420 3,682,785 Amount 4,197,279 10,604,829 13,593,687 3,424,410 31,927,096 Tax-exempt interest: [3] Number of returns 505,333 1,464,886 1,626,546 378,083 1,245,765 Amount 2,661,472 8,765,778 11,425,292 3,121,218 26,853,447 Ordinary dividends: Number of returns 2,977,934 7,142,617 7,152,207 1,416,162 3,189,703 Amount 8,213,524 27,440,504 42,026,777 12,718,377 115,896,482 Qualified dividends: Number of returns 2,736,517 6,633,438 6,725,620 1,357,731 3,084,046 Amount 5,891,555 20,141,483 32,984,846 10,367,118 98,082,185 State income tax refunds: Number of returns 2,161,583 7,296,783 7,608,120 1,099,762 1,597,441 Amount 1,297,017 6,143,070 8,825,948 1,852,264 10,820,708 Alimony received: Number of returns 94,450 126,018 41,204 4,290 7,175 Amount 1,461,755 3,034,012 2,342,902 408,974 1,426,281 Business or profession net income: Number of returns 2,442,490 3,625,282 2,670,173 413,957 845,632 Amount 36,165,676 61,499,706 68,748,950 19,860,527 95,008,762 Business or profession net loss: Number of returns 1,041,824 1,541,616 1,069,091 146,672 261,724 Amount 7,673,936 10,253,878 7,612,047 1,241,552 5,348,039 Net capital gain: [4] Number of returns 1,501,263 3,724,755 4,116,453 869,912 2,011,528 Amount 6,348,628 23,036,946 51,996,032 18,700,707 421,351,733 Capital gain distributions: [4] Number of returns 1,288,883 3,385,259 3,513,384 744,266 1,882,698 Amount 2,003,841 7,503,571 10,748,480 2,874,974 15,919,720 Net capital loss: Number of returns 897,116 2,199,283 2,128,137 449,380 1,114,152 Amount 1,955,525 4,680,323 4,617,124 1,022,105 2,729,311 Sales of property other than capital assets, net gain: Number of returns 65,070 218,672 194,143 49,322 203,248 Amount 390,600 1,927,742 2,330,487 663,264 8,150,887 Sales of property other than capital assets, net loss: Number of returns 87,348 180,926 216,412 47,460 223,268 Amount 913,541 1,373,046 1,747,578 437,520 4,242,577 Taxable Individual Retirement Arrangement distributions: Number of returns 2,043,337 4,320,366 3,112,298 441,331 751,689 Amount 20,835,151 67,132,944 83,573,103 18,305,101 38,765,430Footnotes at end of table.

$250,000or more

Item$30,000under

$50,000

$50,000under

$100,000

$100,000under

$200,000

$200,000under

$250,000


Tax Year 2016


12 Spring 2018




(6) (7) (8) (9) (10) Taxable pensions and annuities: Number of returns 4,513,065 8,519,129 5,333,015 651,622 926,744 Amount 82,422,730 231,496,474 218,256,469 35,274,153 55,535,371 Rent and royalty net income: Number of returns 718,467 1,595,355 1,509,076 246,914 685,806 Amount 5,180,871 12,919,564 19,706,811 5,003,693 37,291,652 Rent and royalty net loss: Number of returns 540,430 1,332,938 1,026,461 91,748 219,323 Amount 4,598,058 11,034,713 8,795,428 1,753,964 6,307,378 Rent and royalty net income less loss: Number of returns 1,258,897 2,928,293 2,535,537 338,662 905,129 Amount 582,813 1,884,852 10,911,382 3,249,728 30,984,274 Partnership and S corporation net income: Number of returns 460,272 1,112,765 1,461,863 368,165 1,347,448 Amount 7,182,339 24,635,609 58,724,196 24,478,775 525,671,217 Partnership and S corporation net loss: Number of returns 237,717 540,032 581,221 110,533 353,504 Amount 2,425,012 5,615,640 7,724,839 1,959,690 22,179,166 Partnership and S corporation net income less loss: Number of returns 697,989 1,652,797 2,043,084 478,698 1,700,952 Amount 4,757,327 19,019,969 50,999,357 22,519,085 503,492,051 Estate and trust net income: Number of returns 39,783 128,557 160,957 29,266 98,763 Amount 399,380 1,884,113 3,507,664 1,053,551 16,314,650 Estate and trust net loss: Number of returns 4,237 2,761 15,012 736 10,183 Amount 13,876 12,314 120,382 3,661 792,754 Estate and trust net income less loss: Number of returns 44,020 131,318 175,969 30,002 108,945 Amount 385,504 1,871,799 3,387,282 1,049,890 15,521,896 Farm net income: Number of returns 72,712 141,168 94,794 12,105 31,591 Amount 1,030,872 3,292,219 3,171,375 734,394 3,109,253 Farm net loss: Number of returns 165,893 379,100 231,828 31,181 68,525 Amount 2,527,684 5,792,614 4,166,754 777,665 3,715,443 Unemployment compensation: Number of returns 1,155,706 1,476,694 721,588 69,407 77,633 Amount 5,262,365 7,355,781 3,818,163 428,992 500,994 Taxable Social Security benefits: Number of returns 4,084,408 7,162,935 3,851,287 443,589 761,106 Amount 31,674,994 122,647,902 89,541,741 11,638,557 20,977,329 Total statutory adjustments: Number of returns 6,493,590 10,069,684 7,043,512 776,587 1,808,886 Amount 13,463,716 27,694,869 31,110,678 7,387,910 47,378,908 Educator expenses: Number of returns 611,699 1,438,649 1,273,693 127,164 106,003 Amount 146,936 370,064 342,335 32,967 26,569 Certain business expenses of reservists, performing artists, and fee-basis government officials: Number of returns 28,957 41,734 44,613 4,969 3,319 Amount 126,215 139,841 126,638 27,264 19,883Footnotes at end of table.


$100,000under

$200,000

$200,000under

$250,000

$250,000or more

$50,000under

$100,000

Item$30,000under

$50,000

Tax Year 2016


13 Spring 2018




(6) (7) (8) (9) (10) Payments to an Individual Retirement Arrangement: Number of returns 528,258 902,899 713,948 46,611 116,355 Amount 2,056,350 4,416,292 4,111,318 438,333 1,163,768 Student loan interest deduction: Number of returns 3,149,951 4,559,379 2,329,705 0 0 Amount 3,589,195 5,208,226 2,494,964 0 0 Tuition and fees deduction: Number of returns 161,690 386,202 491,736 0 0 Amount 353,387 789,405 954,089 0 0 Health savings account deduction: Number of returns 217,316 501,324 469,855 87,048 269,222 Amount 389,866 1,141,066 1,415,559 342,971 1,307,358 Moving expenses adjustment: Number of returns 244,891 330,500 212,023 26,499 48,432 Amount 627,333 918,441 859,669 141,633 302,930 Self-employment tax deduction: Number of returns 2,408,837 3,694,619 2,832,037 480,287 1,180,835 Amount 2,878,880 5,221,390 5,486,804 1,352,966 6,122,863 Self-employed health insurance deduction: Number of returns 453,343 835,180 783,365 179,378 634,681 Amount 2,048,798 5,200,143 6,667,765 1,833,270 8,247,656 Payments to a self-employed retirement (Keogh) plan: Number of returns 52,588 133,157 268,904 92,417 362,271 Amount 470,667 1,505,934 4,588,947 2,084,125 13,314,589 Penalty on early withdrawal of savings: Number of returns 49,251 101,860 81,280 8,377 18,839 Amount 5,212 25,119 19,458 1,387 6,137 Alimony paid: Number of returns 60,127 156,805 160,429 32,641 86,156 Amount 485,505 1,841,055 2,646,299 797,495 5,440,167 Domestic production activities deduction: Number of returns 48,018 138,710 166,989 41,304 205,427 Amount 154,387 471,837 929,919 298,179 10,744,351 Other adjustments [5]: Number of returns 19,073 39,312 26,361 1,603 8,348 Amount 129,014 431,558 451,744 34,604 644,047 Total exemptions: Number of exemptions [6] 51,651,291 73,516,964 50,375,664 7,128,799 12,798,673 Amount 209,107,981 297,643,423 203,924,338 28,796,241 25,362,347 Total deductions: Number of returns 26,718,036 33,265,817 18,932,821 2,513,355 4,445,907 Amount 278,722,727 477,365,030 425,399,718 84,058,711 338,532,948 Total standard deduction: Number of returns 21,204,286 18,705,744 4,575,052 207,123 252,877 Amount 188,702,189 198,507,359 56,658,123 2,580,234 3,023,821 Basic standard deduction: Number of returns 21,204,286 18,705,744 4,575,052 207,123 252,877 Amount 183,795,261 191,348,645 54,055,016 2,427,851 2,864,382 Additional standard deduction: Number of returns 2,630,282 3,692,572 1,267,497 73,872 79,378 Amount 4,906,928 7,158,714 2,603,107 152,383 159,439Footnotes at end of table.

$50,000under

$100,000

$100,000under

$200,000

$200,000under

$250,000

$250,000or more

Item$30,000under

$50,000


Tax Year 2016


14 Spring 2018




(6) (7) (8) (9) (10) Total itemized deductions (after limitation): Number of returns 5,513,749 14,560,073 14,357,769 2,306,232 4,193,030 Amount 90,020,538 278,857,671 368,741,595 81,478,476 335,509,128 Medical and dental expenses deduction: Number of returns 1,787,002 3,078,258 1,360,157 94,281 79,234 Amount 15,345,807 28,858,957 16,899,529 1,951,703 2,706,135 Taxes paid deduction: Number of returns 5,426,975 14,476,629 14,337,890 2,302,531 4,190,991 Amount 22,771,079 93,477,517 161,201,196 41,510,287 213,117,118 State and local income taxes: [7] Number of returns 5,126,692 13,980,527 13,988,921 2,257,728 4,132,089 Amount 8,705,101 44,720,269 90,825,658 25,618,818 166,685,303 Income taxes: Number of returns 3,494,602 11,032,963 11,866,270 1,954,796 3,551,550 Amount 6,643,006 39,752,389 85,554,755 24,555,445 163,636,397 General sales taxes: Number of returns 1,632,091 2,947,564 2,122,650 302,931 580,540 Amount 2,062,095 4,967,880 5,270,902 1,063,372 3,048,906 Interst paid deduction: Number of returns 3,475,232 10,919,540 11,701,016 1,880,215 3,300,749 Amount 22,194,731 80,447,763 104,032,833 21,015,389 52,749,817 Total mortgage interest paid deduction: Number of returns 3,429,816 10,817,428 11,577,007 1,852,725 3,147,703 Amount 20,496,356 75,186,103 102,448,716 20,701,296 47,032,501 Charitable contributions deduction: Number of returns 4,034,253 11,631,640 12,543,116 2,100,625 3,874,515 Amount 11,581,716 38,341,078 53,246,582 11,491,274 82,765,393 Taxable income: Number of returns 26,032,558 33,126,067 18,898,968 2,510,356 4,441,609 Amount 564,350,669 1,600,848,472 1,930,713,847 444,979,010 2,549,265,148 Alternative minimum tax: Number of returns 1,803 101,240 659,160 853,494 2,963,229 Amount 1,881 148,932 1,512,445 2,179,990 22,676,745 Excess advance premium tax credit repayment: Number of returns 1,095,537 657,215 104,741 5,791 8,782 Amount 866,185 1,160,632 338,201 19,586 34,335 Income tax before credits: Number of returns 25,919,169 33,040,320 18,872,417 2,509,737 4,443,843 Amount 70,549,755 233,369,840 335,967,148 93,421,897 747,347,664 Total tax credits: [8] Number of returns 10,848,198 13,640,855 8,393,825 930,743 2,197,206 Amount 11,774,461 22,145,380 13,096,111 1,274,215 19,494,827 Child care credit: Number of returns 1,262,364 1,974,008 1,932,179 290,256 432,134 Amount 750,620 1,136,154 1,106,515 159,796 247,373 Credit for the elderly or disabled: Number of returns 0 0 0 0 0 Amount 0 0 0 0 0 Child tax credit: Number of returns 6,299,414 8,898,933 3,765,200 ** 2,691 ** Amount 6,213,410 14,230,503 5,130,199 ** 1,581 **Footnotes at end of table.

$250,000or more

$50,000under

$100,000

$100,000under

$200,000

$200,000under

$250,000

Item$30,000under

$50,000


Tax Year 2016


15 Spring 2018




(6) (7) (8) (9) (10) Education tax credits: Number of returns 2,103,475 2,704,087 1,720,556 0 0 Amount 2,218,893 3,471,519 2,473,607 0 0 Retirement savings contributions credit: Number of returns 3,126,058 1,325,235 0 0 0 Amount 609,778 222,820 0 0 0 Adoption credit: Number of returns 10,833 33,409 19,521 ** 763 ** Amount 15,974 104,641 165,377 ** 5,446 ** Residential energy credits: Number of returns 402,593 981,387 841,338 114,298 169,358 Amount 203,133 647,756 873,169 167,896 429,442 Foreign tax credit: Number of returns 664,408 2,024,705 2,364,621 561,878 1,683,463 Amount 145,216 527,870 1,251,400 744,272 15,568,587 General business credit: Number of returns 15,731 43,525 61,630 18,602 126,898 Amount 21,695 67,755 297,497 112,863 2,381,265 Prior year minimum tax credit: Number of returns 8,492 32,053 116,862 42,096 96,168 Amount 9,579 35,083 158,679 50,420 598,306 Total refundable credits: Number of returns 7,368,680 2,965,637 1,594,165 377 1,803 Amount 17,081,127 3,577,796 1,572,237 43 5,122 Total refundable credits used to offset income tax before credits: Number of returns 2,849,826 1,812,171 1,556,491 ** 2,149 ** Amount 1,543,329 1,564,172 1,498,567 ** 5,122 ** Total refundable credits used to offset other taxes: Number of returns 1,499,318 445,151 8,133 * 10 0 Amount 1,821,501 398,498 13,462 * 6 0 Total refundable credits, refundable portion: Number of returns 5,254,290 1,098,684 37,490 ** 23 ** Amount 13,716,297 1,615,125 60,207 ** 36 ** Total earned income credit (EIC): Number of returns 5,434,438 112,586 0 0 0 Amount 9,082,101 35,919 0 0 0 EIC used to offset income tax before credits: Number of returns 1,944,679 * 7,611 0 0 0 Amount 894,573 * 264 0 0 0 EIC used to offset other taxes: Number of returns 1,196,200 38,133 0 0 0 Amount 1,166,849 10,458 0 0 0 Excess EIC, refundable portion: Number of returns 4,050,292 77,616 0 0 0 Amount 7,020,679 25,196 0 0 0 Total additional child tax credit: Number of returns 4,227,874 1,087,754 30,649 ** 30 ** Amount 6,354,306 1,544,032 56,966 ** 42 ** Refundable additional child tax credit used to offset other taxes: Number of returns 477,855 333,420 6,163 * 10 0 Amount 497,064 283,759 11,499 * 6 0Footnotes at end of table.

$30,000under

$50,000

$50,000under

$100,000


Item$100,000

under$200,000

$200,000under

$250,000

$250,000or more

Tax Year 2016


16 Spring 2018



[All figures are estimates based on samples —money amounts are in thousands of dollars]

(6) (7) (8) (9) (10) Refundable additional child tax credit refundable portion: Number of returns 3,964,693 913,022 27,939 ** 23 ** Amount 5,857,242 1,260,273 45,467 ** 36 ** Total American opportunity credit: Number of returns 1,491,818 1,967,749 1,566,317 0 0 Amount 1,281,631 1,841,694 1,511,153 0 0 Refundable American opportunity credit used to offset income tax before credits: Number of returns 800,324 1,718,862 1,553,430 0 0 Amount 553,025 1,472,627 1,494,565 0 0 Refundable American opportunity credit used to offset other taxes: Number of returns 130,498 117,926 2,122 0 0 Amount 79,591 78,392 1,862 0 0 Refundable American opportunity credit refundable portion: Number of returns 773,074 325,135 15,120 0 0 Amount 649,015 290,675 14,727 0 0 Total net premium tax credit: Number of returns 372,336 ** 113,189 ** 0 0 Amount 356,036 ** 126,018 ** 0 0 Total premium tax credit: Number of returns 1,209,541 475,052 7,193 0 0 Amount 4,840,893 1,904,166 16,936 0 0 Advance payment of premium tax credit: Number of returns 1,446,281 754,516 104,883 5,791 8,782 Amount 5,678,849 3,168,383 368,464 19,586 34,335 Self-employment tax: Number of returns 2,408,837 3,694,619 2,832,037 480,287 1,180,835 Amount 5,752,291 10,438,443 10,969,796 2,705,544 12,244,283 Health care individual responsibility payment: Number of returns 1,498,085 895,398 153,765 11,255 17,069 Amount 976,379 889,237 276,114 25,563 66,317 Total additional Medicare tax: Number of returns 5,649 10,858 146,362 509,431 3,057,573 Amount 5,857 18,428 35,283 112,012 8,355,731 Net investment income tax: Number of returns 990 2,682 57,655 234,187 3,564,054 Amount 138 864 19,689 98,976 15,667,241 Total income tax: Number of returns 20,439,511 31,653,009 18,801,754 2,507,153 4,441,622 Amount 57,988,578 210,103,387 322,558,340 92,227,155 743,487,079 Total tax liability: Number of returns 21,022,144 31,941,544 18,820,885 2,508,944 4,442,728 Amount 64,305,987 223,785,275 336,202,123 95,558,130 765,760,621

$100,000under

$200,000

$200,000under

$250,000

$250,000or more

$50,000under

$100,000

Item $30,000under

$50,000


Tax Year 2016


* Estimate should be used with caution because of the small number of sample returns on which it is based.** Data combined to prevent disclosure of information for specific taxpayers.[1] Includes returns with adjusted gross deficit.[2] Included in data for Forms 1040, 1040A, and 1040EZ.[3] Not included in adjusted gross income (less deficit).[4] Includes capital gain distributions reported on Form 1040 and Schedule D.[5] Other adjustments does not include the foreign housing deduction or the medical savings account deduction. However, these are included in total statutory deductions.[6] Data shown are the number of exemptions claimed on returns, rather than the number of returns with exemptions.[7] State and local income taxes is the total of both income taxes and general sales taxes.[8] Includes EIC, American opportunity credit, and net premium tax credit, which are used to offset income tax before credits, shown separately later in this table. Also includes other credits that are not shown separately in this table.[9] Less than 0.05 percent.NOTES: Detail may not add to totals because of rounding. Definitions for items in the table can be found at: https://www.irs.gov/pub/irs-soi/15inexplanationofterms.pdfThese data represent estimates of income and tax items based on a sample of individual income tax returns filed between January and late September of a given processing year. These returns are then weighted to represent a full year of taxpayer reporting. In general, some of the returns processed during the remainder of the year may have somewhat different characteristics compared to these earlier ones. Therefore, these preliminary data are best utilized by comparisons made to the preliminary estimates from the prior year. When available, the estimates from the "complete year data" should be used in place of the preliminary data. SOURCE: IRS, Statistics of Income Division, Individual Income Tax Returns, Preliminary Data, February 2018.

Highlights • Partnerships filed more than 3.7 million returns for 2015, a

2.9-percent increase over the number filed for 2014. These returns represented 27.1 million partners, down 2.2 percent from the pre-vious year.

• Domestic limited liability companies (LLCs) made up the majority (67.7 percent) of all partnerships, surpassing all other entity types for the 14th consecutive year.

• Domestic limited partnerships represented only 11.0 percent of all partnerships, but reported the most profits (31.2 percent), and had the largest share of partners (44.1 percent).

• Real estate and rental and leasing accounted for about half (49.7 percent) of all partnerships and over a quarter (29.2 percent) of all partners. The Finance and insurance sector reported the largest shares of total net income (loss) (40.9 percent), total assets (55 per-cent), and total receipts (23.0 percent) for 2015.

• Total assets increased 4.7 percent between 2014 and 2015, from $26.1 trillion to $27.4 trillion. Nineteen out of twenty industrial sec-tors reported an increase.

• Receipts totaled $7.1 trillion for 2015, down 4.4 percent from the amount reported for 2014. Business receipts made up much of total receipts (68.3 percent), declining 5.9 percent for the year.

• Total net income (loss) or profits decreased 6.8 percent (from $837.4 billion to $780.5 billion) between 2014 and 2015. Ordinary business income accounted for the majority of this decrease.

• Between 2014 and 2015, total income (loss) minus total deductions available for allocation decreased from $1,722.5 billion to $1,607.3 billion. Partners classified as partnerships received the largest share of income (loss) allocated to partners, $542.9 billion.

SOI has published partnership data annually since 1957A partnership is the relationship between two or more persons who join to carry on a trade or business. Each person contributes money, property, labor, or skill with the expectation of sharing in the profits and losses of the business, regardless of whether a formal partnership agreement was made. Every partnership that engages in trade or business, or has income from sources in the United States, must file an annual information return with the Internal Revenue Service, either Form 1065, U.S. Partnership Return of Income, or Form 1065-B, U.S. Return of Income for Electing Large Partnerships.

The IRS Statistics of Income (SOI) Division has published part-nership data annually since 1957. Prior to that, SOI published fi-nancial data for 1939, 1946, 1947, and 1953 only. SOI individual income tax statistics show the number of returns with income or loss from partnerships, and the corresponding amounts, starting with 1917.

The number of partnerships grew 2.9 percent (from 3,611,255 to 3,715,187) between 2014 and 2015 (Figure B). Since 2006, the number of partnerships has grown at an average annual rate of 3.0 percent. Partnerships classified as limited liability compa-nies (LLCs) accounted for the majority of this growth.2

The number of partners declined for the first time since 2003, dropping 2.2 percent (from 27,714,478 to 27,093,015) between 2014 and 2015. Partnerships with less than 3 partners made up more than half (55.0 percent) of all partnerships (Figure C). These same-sized partnerships accounted for just over a quar-ter (25.6 percent) of all partnerships with total assets of $100 million or more. Despite the large portion of partnerships with less than 3 partners, partnerships with 100 or more partners ac-counted for just under half (44.5 percent) of all partners in 2015.

(1) (2) (3) (4) (5)2006 6.6 3.2 24.8 12.5 22.1 2007 5.1 10.7 18.9 14.9 2.5 2008 1.6 4.2 -5.5 -0.3 -33.0 2009 0.7 9.5 -2.4 -18.1 -10.5 2010 2.5 6.1 5.4 14.3 44.9 2011 1.1 8.7 3.8 9.8 -2.2 2012 3.1 3.9 7.0 9.4 33.9 2013 2.1 8.5 9.8 7.1 -1.2 2014 4.4 0.8 8.1 5.6 9.0 2015 2.9 -2.2 4.7 -4.4 -6.8 SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Total net income(loss)

Taxyear

Totalassets

Totalreceipts

Number of partnerships

Number of partners

Figure A

1 This article references Tax Year 2014 data. For further information on these data, see Ron DeCarlo and Nina Shumofsky, “Partnership Returns, Tax Year 2014,” Statistics of Income Bulletin, Fall 2016, Volume 36, Number 2.2 See the “Explanation of Selected Terms” section for more information on LLCs.


Partnership Returns, Tax Year 2015By Ron DeCarlo and Nina Shumofsky

T he number of partnerships and partners in the United States continued to increase for Tax Year 2015. Partnerships filed more than 3.7 million informational returns for the year,

representing more than 27 million partners. The Real estate and rental and leasing sector contained just under half of all part-nerships (49.7 percent) and over a quarter of all partners (29.2 percent).

Total assets increased in 2015 compared to the prior year while total receipts and total net income (loss) declined (Figure A).1 The Finance and insurance sector accounted for the largest portion of each of these three critical financial figures.

Figure APartnership Returns: Percentage Changes in Selected Items,Tax Years 2006–2015

www.irs.gov/taxstats

3 For further discussion of passthrough income, see the section of the article entitled “Partnerships allocated more than $1.6 trillion to their partners in 2015.”

(1) (2) (3) (4) (5) (6)Number of partnerships, total 3,715,187 27,707 0.7 27,093,015 10,206,445 37.7 Number of partners per partnership: Less than 3 2,046,500 7,088 0.3 4,092,846 14,170 0.3 3 less than 5 1,027,626 5,883 0.6 3,460,914 19,626 0.6 5 less than 10 414,906 3,796 0.9 2,566,215 24,852 1.0 10 less than 20 127,761 2,551 2.0 1,727,249 35,115 2.0 20 less than 30 47,263 1,469 3.1 1,117,934 35,472 3.2 30 less than 40 16,646 1,107 6.6 593,394 37,896 6.4 40 less than 50 9,324 813 8.7 419,119 35,974 8.6 50 less than 60 4,696 671 14.3 257,199 36,481 14.2 60 less than 70 3,841 508 13.2 243,564 32,683 13.4 70 less than 80 4,133 520 12.6 302,769 38,682 12.8 80 less than 90 1,562 335 21.5 131,345 28,356 21.6 90 less than 100 1,239 316 25.5 116,832 29,996 25.7 100 or greater 9,690 2,648 27.3 12,063,634 9,837,139 81.5 1,000 or greater [1] 407 248 60.9 10,295,020 9,254,906 89.9

Number of partners per partnership Total number of partnerships

Partnerships with $100,000,000 or more in assets


Percentageof total

Total number of partners

Partnerships with $100,000,000 or more in assets

Number of partners

Percentageof total

[1] These statistics are also included on the line entitled “100 or greater.”NOTE: Detail may not add to totals because of rounding.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Partnerships do not pay taxes on their income, but “pass through” any profits and losses to their partners, who must in-clude those profits and losses on their income tax returns. For 2015, partnerships passed through $1,607.3 billion in total income (loss) minus total deductions available for allocation to their partners (Table 5). This amount represents a 6.7-percent

decline from 2014 when partnerships passed through $1,722.5 billion. The Finance and insurance sector accounted both for the largest amount reported and the biggest change in passthrough dollars, decreasing $178.0 billion to $913.5 billion for 2015. For the fourth consecutive year, partners who are partnerships re-ceived the largest portion of this income for 2015.3

18

Partnership Returns, Tax Year 2015

Spring 2018Statistics of Income Bulletin

Figure BPartnership Returns: Number of Partnerships and Partners, by Selected Industrial Group, Tax Years 2014–2105

(1) (2) (3) (4) (5) (6)

All industries 3,611,255 3,715,187 2.9 27,714,478 27,093,015 -2.2 Finance and insurance 334,546 358,416 7.1 6,634,114 6,189,038 -6.7

Securities, commodity contracts, and other financial investments and related activities 254,206 274,604 8.0 5,163,383 5,555,048 7.6 Securities and commodity contracts and exchanges 10,369 7,206 -30.5 375,341 478,907 27.6 Other financial investment activities 243,837 267,398 9.7 4,788,042 5,076,141 6.0 Funds, trusts and other financial vehicles 44,434 49,526 11.5 1,275,532 421,816 -66.9 Other finance and insurance 35,905 34,285 -4.5 195,199 212,175 8.7 Real estate and rental and leasing 1,816,889 1,846,071 1.6 7,887,184 7,914,900 0.4 Real estate 1,781,949 1,811,793 1.7 7,577,856 7,782,932 2.7

Lessors of residential buildings and dwellings and cooperative housing 605,322 635,165 4.9 2,548,073 2,765,271 8.5 Lessors of nonresidential buildings (except miniwarehouses) 726,353 707,032 -2.7 2,890,074 2,759,951 -4.5 Lessors of miniwarehouses and self-storage units 18,525 17,422 -6.0 69,206 71,821 3.8 Lessors of other real estate property 108,373 110,412 1.9 485,239 495,761 2.2 Other real estate activities 323,377 341,761 5.7 1,585,263 1,690,129 6.6

Rental and leasing services and lessors of nonfinancial intangible assets (except copyrighted works) 34,940 34,278 -1.9 309,329 131,968 -57.3

Industrial group

NOTES: Detail may not add to totals because of rounding. For data on additional industries, see Table 10.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Number of partnershipsPercentage

change

Number of partnersPercentage

change2014 2015 2014 2015

Figure CPartnership Returns: Number of Partnerships and Partners, by Number of Partners per Partnership, Tax Year 2015

Finance and insurance industry dominated assets, receipts, and net income (loss)Historically, partnerships classified in the Real estate and rental and leasing sector have dominated the statistics for both the number of partnerships and partners. This sector accounted for half of all partnerships for both 2015 (49.7 percent) and 2014 (50.3 percent), and it made up more than a quarter of all partners for 2015 (29.2 percent) and 2014 (28.5 percent). While partner-ships in this sector accounted for the majority of all partnerships, they reported 22.4 percent of total assets, only 8.7 percent of total receipts, and 12.8 percent of total net income (loss) for 2015 (Figure D).

The Finance and insurance sector, however, represented a larger percentage of several key money amounts, compared to all other sectors for 2015. Partnerships classified in this sector reported the largest share of total assets (55.0 percent), total re-ceipts (23.0 percent), and total net income (loss) (40.9 percent). However, this sector accounted for a smaller portion of total partnerships (9.6 percent) and partners (22.8 percent).

The Finance and insurance sector includes an industry cat-egory named “Other financial investment activities.” This in-dustry remained the dominant industry in the Finance and insur-ance sector for the year. It represented the largest share of the sector’s partnerships (74.6 percent), partners (82 percent), total assets (83.2 percent), total net income (loss) (81 percent), and

total receipts (79 percent) for 2015. This industry has accounted for 60 percent or more of these categories since 2004.

Total assets continued to increaseTotal assets for all partnerships increased for the sixth year in a row. For 2015, of the 20 industrial sectors, 19 reported an in-crease, compared to increases in all sectors in 2014. For partner-ships reporting balance sheet information, total assets rose 4.7 percent (from $26.1 trillion to $27.4 trillion) between 2014 and 2015. The Real estate and rental and leasing sector accounted for the largest portion of this growth, with an increase of $498.8 billion (from $5,636.5 billion to $6,135.4 billion), followed by the Finance and insurance sector with an increase of $311.8 bil-lion (from $14,736.6 billion to $15,048.4 billion). The Mining sector, in contrast, declined 15.0 percent to $543.1 billion (Table 10).

Total receipts fell 4.4 percent between 2014 and 2015Partnerships reported a 4.4-percent decrease in total receipts (from $7.5 trillion to $7.1 trillion) between 2014 and 2015. Business receipts made up the majority of total receipts (68.3 percent), and showed a corresponding decrease of $308.1 bil-lion (to $4.9 trillion) for the year (Table 7).4 The largest decrease was in the Manufacturing sector ($248.7 billion) followed by Finance and insurance ($108.7 billion). Just under half (9 out of 20) of the industrial sectors reported a decline in total receipts for the year.

Figure DPartnership Returns: Total Assets, Total Receipts, and Total Net Income (Loss), by Selected Industrial Group, Tax Years 2014–2015[Money amounts are in thousands of dollars]

(1) (2) (3) (4) (5) (6) (7) (8) (9)

All industries 26,128,933,308 27,366,266,830 4.7 7,471,787,683 7,144,498,577 -4.4 837,442,914 780,504,367 -6.8 Finance and insurance 14,736,566,412 15,048,366,024 2.1 1,748,443,545 1,639,716,637 -6.2 346,358,782 319,080,255 -7.9 Securities, commodity contracts, and other financial investments and related activities 12,779,713,135 13,021,707,705 1.9 1,508,873,954 1,406,217,426 -6.8 287,001,193 264,549,790 -7.8 Securities and commodity contracts and exchanges 565,512,863 503,096,492 -11.0 123,868,857 110,294,522 -11.0 10,121,370 5,951,111 -41.2 Other financial investment activities 12,214,200,272 12,518,611,213 2.5 1,385,005,098 1,295,922,904 -6.4 276,879,823 258,598,678 -6.6 Funds, trusts and other financial vehicles 1,707,194,007 1,735,308,242 1.6 170,085,118 153,680,229 -9.6 45,581,298 40,465,860 -11.2 Other finance and insurance 249,659,270 291,350,077 16.7 69,484,473 79,818,981 14.9 13,776,291 14,064,606 2.1 Real estate and rental and leasing 5,636,547,190 6,135,352,807 8.8 538,776,944 621,759,247 15.4 91,411,797 100,018,419 9.4 Real estate 5,481,666,674 5,950,049,174 8.5 486,662,872 566,362,588 16.4 78,297,270 90,883,197 16.1 Lessors of residential buildings and dwellings and cooperative housing 1,468,265,830 1,647,995,944 12.2 72,570,590 102,616,140 41.4 -5,702,477 -5,092,814 10.7 Lessors of nonresidential buildings (except miniwarehouses) 2,654,212,318 2,898,408,013 9.2 179,106,411 207,194,868 15.7 62,069,640 72,448,069 16.7 Lessors of miniwarehouses and self-storage units 50,270,520 59,469,217 18.3 6,096,308 9,443,032 54.9 3,306,420 3,266,455 -1.2 Lessors of other real estate property 188,085,160 208,050,338 10.6 22,892,240 17,759,494 -22.4 6,254,746 5,475,900 -12.5 Other real estate activities 1,120,832,846 1,136,125,662 1.4 205,997,324 229,349,054 11.3 12,368,940 14,785,587 19.5 Rental and leasing services and lessors of nonfinancial intangible assets (except copyrighted works) 154,880,516 185,303,633 19.6 52,114,072 55,396,660 6.3 13,114,527 9,135,223 -30.3

2015 2014 2015

NOTES: Detail may not add to totals because of rounding. For data on additional industries, see Table 10.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Industrial group

Total assets

Percentagechange

Total receipts

Percentagechange

Total net income (loss)

Percentagechange2014 2015 2014

4 See the “Explanation of Selected Terms” section for the definition of total receipts and business receipts.

19



05001,0001,5002,0002,5003,0003,5004,0004,5005,0005,5006,0006,5007,000

-400

-300

-200

-100

0

100

200

300

400

500

600

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Tax year

Net income Net loss# of partnerships with income # of partnerships with loss# of partners with Income # of partners with loss

Number (in thousands)

NOTE: For the full tabular data represented in this figure, see Tables 9a, 9b, and 9c.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Current dollars (in billions)

The Mining sector reported the largest decrease in total net income (loss)Total net income (loss) or profits decreased 6.8 percent (from $837.4 billion to $780.5 billion) between 2014 and 2015 (Figure E). Ordinary business income accounted for the largest portion of this decrease ($60.6 billion). Increases in net rental real estate income (loss) ($11.6 billion) and interest income ($1.2 billion) slightly offset the overall loss.

For Tax Year 2015, eight industrial sectors reported a de-crease in profits, contrasting to 2014 when only three sectors showed a decrease in profits (Table 10). The Mining sector re-ported the largest overall decrease in profits (down $51 billion or 78.5 percent) for 2015. The Finance and insurance sector had the second largest decrease, declining $27.3 billion or 7.9 percent.

Limited liability companies made up the majority of all partnerships for the 14th consecutive yearPartnerships classify their business structures as one of six entity types: domestic general partnership, domestic limited partner-ship, domestic limited liability company, domestic limited li-ability partnership, foreign partnership, or “other” partnership.5

Limited liability companies (LLCs) made up the majority of all partnerships (67.7 percent), surpassing all other entity types for the 14th consecutive year. The number of LLCs rose to 2.5 million after increasing 3.4 percent between 2014 and 2015 (Figure F). Partners associated with LLCs increased 5.9 percent (from 10.2 million to 10.8 million) while LLC profits decreased 10.9 percent (from $277.9 billion to $247.5 billion) (Figure G). LLCs were responsible for 31.7 percent of the overall profits for

Figure EPartnership Returns: Components of Total Net Income (Loss), Tax Years 2014–2015[Money amounts are in thousands of dollars]

Amount Percentage

(1) (2) (3) (4)

Total net income (loss) [1] 837,442,914 780,504,367 -56,938,547 -6.8 Ordinary business income (loss) 440,572,628 379,936,585 -60,636,043 -13.8 Interest income 153,825,358 155,005,964 1,180,606 0.8 Dividend income 162,729,221 159,450,074 -3,279,147 -2.0 Royalties 34,711,302 29,803,275 -4,908,027 -14.1 Net rental real estate income (loss) 42,841,947 54,409,785 11,567,838 27.0 Other net rental income (loss) 2,762,459 1,898,684 -863,775 -31.3

Item 2014 2015Change

[1] Total net income (loss) is discussed in the Explanation of Selected Terms section.NOTE: Detail may not add to totals because of rounding.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Figure GDomestic Limited Liability Companies: Number of Partnerships and Partners, and Amount of Net Income (Loss), by Income and Loss, Tax Years 2006–2015

5 See the “Explanation of Selected Terms” section for definitions of the different entity types.

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Tax year

[1] Data for "other" partnerships include foreign partnerships, as well as partnerships which checked the "other" box, Form 1065, Schedule B, line 1, Type of Entity, or did not check a box. SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Domestic Limited Liability Companies

Domestic General PartnershipsDomestic Limited Partnerships

Domestic Limited Liability


Other [1]

20



Figure FNumber of Partnerships by Type of Entity, Tax Years 2006–2015

0

500

1,000

1,500

2,000

2,500

-40

-20

0

20

40

60

80

100

120

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Tax year

Net income Net loss# of partnerships with income # of partnerships with loss# of partners with income # of partners with loss


Current dollars (in billions) Number (in thousands)

all partnerships for 2015, a decrease from 33.2 percent in 2014. Looking at gains and losses separately, the losses for LLCs ($245.0 billion) were more than double the combined losses for all other types of partnerships ($112.0 billion) and reduced the net profit amount for partnerships overall.

In contrast to LLCs, limited partnerships represented only 11.0 percent of all partnerships, but reported the most profits (31.2 percent), and had the largest share of partners (44.1 per-cent). Over the last 10 years, the number of limited partnerships has essentially remained constant, while the number of part-ners associated with those partnerships has risen 77.2 percent (Figure H). The total net income (loss) for limited partnerships decreased $26 billion (from $270 billion to $244 billion) be-tween 2014 and 2015.

Prior to 2002, domestic general partnerships were consis-tently the most common type of partnership and have ranked second since that time. This type of partnership accounted for 15.7 percent (0.6 million) of all partnerships for Tax Year 2015. For the second year in a row, the number of general partnerships showed a slight increase (from 574,181 to 582,338). Despite the slight increase, the number of domestic general partnerships has declined 18.9 percent over the past 10 years (Figure I).

Partnerships allocated more than $1.6 trillion to their partners in 2015Partners may be corporations, individuals, other partnerships, tax-exempt organizations, nominees, and other legal entities. For 2015, all partnerships reported a total of $1986.9 billion in total income (loss) available for allocation before deductions (Table 5). For separately stated deductions (such as contribu-tions and interest investment expense), all partnerships reported a total of $379.6 billion. The difference between total income

(loss) and total deductions resulted in $1,607.3 billion of total income (loss) minus total deductions available for allocation to partners, a 6.7-percent decrease (or $115.2 billion) relative to 2014. Of the $1,607.3 billion available for allocation to partners, almost all (99 percent or $1,591.7 billion) was identified by type of partner. The difference between total income (loss) minus total deductions available for allocation and income (loss) allo-cated to partners was due to some partnerships’ failure to report allocations, by type of partner, on their originally filed returns.

For the fourth consecutive year, partnerships surpassed both corporations and individuals as the top income (loss) recipients. Partnerships passed $542.9 billion through to partners clas-sified as partnerships for 2015, a $94.7-billion decrease from the $586.3 billion passed through for 2014. In addition, part-nerships passed $420.3 billion through to partners classified as individuals, and $368.6 billion through to partners classified as corporations (Figure J).

Since the North American Industry Classification System (NAICS) data were first reported in 1998, partnerships classi-fied in the Finance and insurance sector have generally had the largest share of allocations, except for 2002. The trend contin-ued for 2015, when this sector reported 56.8 percent of the total amount of allocations of net income to partners, down slightly from 63 percent in 2014.

Increases in gross rents drove a rise in net rental real estate income (loss)For all industries, net rental real estate income (loss) increased 27 percent (to $54.4 billion) between 2014 and 2015 (Figure K). This gain followed a slight reduction in 2014 which followed

0

2,000

4,000

6,000

8,000

10,000

-150

-100

-50

0

50

100

150

200

250

300

350

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Tax year

Net income Net loss# of partnerships with Income # of partnerships with loss# of partners with income # of partners with loss


Current dollars (in billions) Number (in thousands)

Figure HDomestic Limited Partnerships: Number of Partnerships and Partners, and Amount of Net Income (Loss), by Income and Loss, Tax Years 2006–2015

Figure IDomestic General Partnerships: Number of Partnerships and Partners, and Amount of Net Income (Loss), by Income and Loss, Tax Years 2006–2015

21



4 years of gains after 2009. While both rental income and ex-penses rose in 2015, the rise in rents ($28.5 billion) outpaced the rise in expenditures ($18.4 billion) and resulted in an overall increase (Table 4). The Real estate and rental and leasing sector reported the largest change in net rental real estate income (loss), increasing $11.3 billion to $55.5 billion for 2015.

Partnerships reported billions of dollars in difference between financial and tax reportingSchedule M-3, Net Income (Loss) Reconciliation for Certain Partnerships, provides more detail on the differences between financial accounting net income and tax accounting net income. Differences are divided into two categories: temporary and permanent. Temporary (or timing) differences between book

income and taxable income are due to items of revenue or ex-pense that are recognized in different periods for tax and book reporting. Permanent differences are differences that partner-ships never reverse; they are either nontaxable book revenues or nondeductible book expenses. For 2015, partnerships that filed a Schedule M-3 reported $1,098.5 billion in income (loss) per income statement, $177.4 billion in temporary differences, $16.1 billion in permanent differences, and $1,291.4 billion in income (loss) per tax return.

More than three-quarters of all partnerships filed their tax returns electronically In 1986, the Internal Revenue Service (IRS) first offered part-nerships the option of using electronic media to file their Form 1065 returns. Beginning in Tax Year 2000, the IRS required partnerships with more than 100 partners to file their returns electronically; however, the IRS could waive the electronic filing rules if a partnership demonstrated that a hardship would result from the requirement. For returns with 100 or fewer part-ners, electronic filing was optional.

Some 3.2 million partnerships filed electronically for 2015, an increase of 7.9 percent from the 2.9 million partnerships that filed returns electronically for 2014. These partnerships repre-sented 24.9 million partners for 2015, a 1.2-percent decrease from the 25.2 million partners for 2014. In addition, for 2015, returns filed electronically represented 85.6 percent of all part-nerships, 92.1 percent of all partners, 77.6 percent of total assets, and 70.9 percent of total net income (loss), all increases from the previous year.

Fewer partnerships chose to file Form 1065-B for electing large partnerships for 2015The IRS introduced Form 1065-B, U.S. Return of Income for Electing Large Partnerships, for Tax Year 1998. Unlike regular partnerships that report the distribution of partners’ allocated shares of income, gain, loss, deductions, or credits to each partner, electing large partnerships combine most items at the partnership level and only pass the net amounts through to the

Figure KPartnership Returns: Net Rental Real Estate Income (Loss), by Selected Industrial Group, Tax Years 2014–2015[Money amounts are in thousands of dollars]

Amount Percentage

(1) (2) (3) (4)All industries 42,841,947 54,409,785 11,567,838 27.0 Real estate and rental and leasing 44,197,972 55,494,259 11,296,287 25.6 Real estate 43,861,476 55,085,913 11,224,437 25.6 Lessors of residential buildings and dwellings and cooperative housing -8,744,593 -8,057,440 687,153 7.9 Lessors of nonresidential buildings (except miniwarehouses) 53,269,686 62,514,800 9,245,114 17.4 Lessors of miniwarehouses and self-storage units 3,132,198 3,055,132 -77,066 -2.5 Lessors of other real estate property 4,332,538 3,512,940 -819,598 -18.9 Other real estate activities -8,128,352 -5,939,519 2,188,833 26.9 NOTE: Detail may not add to totals because of rounding.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Industrial group 2014 2015Change

Figure JPartnership Returns: Income (Loss) Allocations, by Type of Partner, Tax Years 2006–2015

-100

0

100

200

300

400

500

600

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Tax year

Corporate IndividualPartnership Tax-exempt organizationNominee/other

SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Current dollars (in billions)

22



partners. For 2015, some 67 partnerships filed Form 1065-B, down from 79 filed for 2014. The number of partners decreased slightly (from 12,801 to 12,747) between 2014 and 2015. Despite these decreases, total net income (loss) increased 2.4 percent (from $277.1 million to $284.0 million), and total assets rose 6.5 percent (from $12.3 billion to $13.1 billion) for the year.

Data Sources and LimitationsSOI based the statistics for Tax Year 2015 on a stratified prob-ability sample of 40,493 returns selected from a population of 3,972,169 partnerships. Tax Year 2015 covers returns pro-cessed by the IRS during Calendar Year 2016. All partnerships engaged in business in, or having income from sources within, the United States were required to file either Form 1065, U.S. Partnership Return of Income, or Form 1065-B, U.S. Return of Income for Electing Large Partnerships, to report income or loss, deductions, tax credits, and other tax-related items gener-ated by the partnership. The statistics are only for active partner-ships, defined as those reporting any items of income or deduc-tion derived from a trade or business, or from rental or portfolio income.

SOI stratified the population into classes based on industry, type of return, size of total assets, and size of certain receipt or income amounts from both ordinary business income (loss) and portfolio income (loss). From these classes, SOI selected returns at various probabilities (from 0.01 percent to 100 percent) and weighted them to represent the total population. SOI ruled 502 sampled returns as “out of scope” because they had no activity or duplicated other returns already in the study. This resulted in a final sample of 39,985 returns and an estimated overall active population of 3,715,187.

Because the data presented in this article are based on a sample of returns, they are subject to sampling error. To use the data properly, the magnitude of the potential sampling error needs to be known. Coefficients of variation (CVs), the ratio of an estimate’s standard error to the estimate, are used to measure this magnitude. Figure L presents the coefficients of variation for certain money amounts, for selected industrial sectors. The estimate is judged more reliable the smaller the coefficient of variation.

Notes for Data TablesAll money amounts and frequencies in the data tables were sub-ject to rounding errors. As a result, a row or column of frequen-cies or amounts may fail to add exactly to the corresponding total amount. At the table level, SOI rounded money amounts to the nearest $1,000, and amounts of $500 or more to the next highest thousand. Total amounts between +$500 and -$500 were footnoted to indicate an amount that rounded to zero was present.

Whenever a cell frequency was low, SOI either combined or deleted the estimate to avoid disclosing information about spe-cific partnerships. A footnote at the end of the table describes how to identify such combinations or deletions. In other cases, an estimate based on fewer than 10 returns, not selected at the 100-percent rate, is indicated by an asterisk (*) and considered

statistically unreliable. These estimates should typically be used in combination with other tabulated values due to the small sample size.

Figure LPartnership Returns: Coefficients of Variation for Selected Items by Industrial Sector, Tax Year 2015[Coefficients of variation in percentages]

(1) (2) (3) (4)

All industries 0.82 0.14 0.22 0.23

Agriculture, forestry, fishing, and hunting 11.57 5.64 4.75 4.71

Mining 24.63 1.55 1.57 1.67

Utilities 22.04 1.80 0.81 0.87

Construction 10.22 4.18 1.90 1.89

Manufacturing 16.48 0.66 0.53 0.56

Wholesale trade 14.75 1.46 0.80 0.80

Retail trade 10.74 2.19 1.13 1.14

Transportation and warehousing 19.93 0.80 1.69 1.68

Information 15.47 0.51 0.70 0.78

Finance and insurance 6.31 0.25 1.34 1.39

Real estate and rental and leasing 1.54 0.65 2.78 2.86

Professional, scientific, and technical services 9.01 2.79 1.29 1.39

Management of companies 23.86 1.61 3.42 4.62Administrative and support and waste management and remediation services 17.49 3.88 3.27 3.31

Educational services 24.65 19.77 12.94 13.17

Health care and social assistance 7.55 2.37 1.49 1.54

Arts, entertainment, and recreation 19.15 3.68 3.31 3.51

Accommodation and food services 9.56 3.19 2.45 2.44

Other services 16.93 10.00 6.57 6.56Nature of business not allocable* 0.00 0.00 0.00 0.00


Number of partners

Total assets

Total income

Business receipts

Total deductions

Cost of goods sold

Interest paid

Taxes and licenses

Depreciation

Ordinary business income

Ordinary business loss

Interest incomePortfolio income (loss) distributed directly to partners

Net rental real estate income

Net rental real estate loss

Other net rental income

Other net rental loss

Total net income (loss)Total income (loss) minus total deductions available for allocation

Total receipts 0.32

1.91

3.12

7.34

10.13

1.05

1.42

*For 2015, there were no returns classified as Nature of business not allocable. [1] All items in this figure can be found in Table 1 except for: Total income (loss) minus total deductions available for allocation (Table 5); and Total receipts (Table 7).SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

0.69

0.14

0.22

0.19

0.23

0.29

0.95

0.66

0.90

0.63

1.38

1.00

2.07

Industrial sector

Coefficients of variation

Numberof

partnerships

Totalassets

Totalincome

Totaldeductions

Item [1]Coefficients of variation—continued

All industries

(5)

0.82

23



The IRS issued new requirements for safeguarding Federal Tax Information (FTI) in the latest edition of Publication 1075, Tax Information Security Guidelines for Federal, State and Local Agencies (Rev. 11/2016). While FTI is subject to Internal Revenue Code Section 6103(p)(4) safeguarding requirements, the increased availability of data on the internet and in the cloud creates greater challenges for government agencies responsible for protecting the confidentiality of, and preventing the com-mingling of, Federal Tax Information with other information. This article provides, for the first time, revised data tables that meet the new requirements, with the understanding that periodic reviews could lead to further adjustments of content in future editions

The statistical reliability of each cell in the tables was deter-mined separately from all other cells. Thus, it was possible for a total figure to be marked with an asterisk (*), indicating sta-tistical unreliability, while a subset of the total is not so marked. For example, a sector amount could be based on 7 returns, 3 not sampled at the 100-percent rate. The amount would receive an asterisk. However, an industry amount, within the sector, may include all 9 returns sampled at the 100-percent rate and would not receive an asterisk.

Explanation of Selected TermsAssets and liabilities—A partnership was required to provide

balance sheet information, in general, only if it had total receipts of $250,000 or more, total assets of $1,000,000 or more, and was not required to file Schedule M-3. For partnerships with ac-counting periods ending before 2008, the total asset requirement was $600,000. SOI did not estimate the assets and liabilities of partnerships that did not provide this information. If a partner-ship provided balance sheet data in a format of its own, instead of that provided on the return form, an effort was made during data collection to associate the amounts provided with the items on the partnership balance sheet. In addition, for returns with accounting periods ending after December 31, 2005, total assets should have been determined without offset by liabilities and not reported as a negative amount. If, however, the partnership continued to report negative total assets, no effort was made during data collection to change the amount.

Business receipts—Business receipts represent the gross re-ceipts or sales less returns and allowances from trade or busi-ness income. Business receipts were the largest component of gross receipts for industry groups such as manufacturing. SOI did not adjust business receipts to include rental real estate ac-tivity, which was reported separately on the partnership’s return.

Electing large partnerships—Partnerships with 100 or more partners in the preceding year could elect to file Form 1065-B, U.S. Return of Income for Electing Large Partnerships, in lieu of the more general Form 1065. Unlike a regular partnership reporting its allocated share of income, gain, loss, deductions, or credits to each partner, an electing large partnership com-bines most items at the partnership level and passes through net amounts to partners.

Electronically filed (ELF) partnerships—Certain partnerships with more than 100 partners were required to file their returns

electronically. Other partnerships could volunteer to file elec-tronically. Partnerships submitting ELF returns electronically did so in lieu of paper returns.

Foreign partnerships—A foreign partnership that has gross income effectively connected with the conduct of a trade or business within the United States or has gross income derived from sources in the United States must file a Form 1065, even if its principal place of business was outside the United States or all its partners were foreign persons.

Limited liability companies (domestic)—A limited liability company (LLC) is an entity formed under State law by filing articles of organization as an LLC. Limited liability compa-nies that choose to be classified as partnerships file Form 1065, U.S. Partnership Return of Income. SOI identified LLCs by their response to a question on Form 1065, Schedule B, Other Information. Limited liability companies combine the corpo-rate characteristics of limited liability for all members with the passthrough income treatment of a partnership. (The owners of an LLC are called members, not partners.) These businesses offer more organizational flexibility than S corporations. (S corporations pass through their income, gains and losses, de-ductions, and credits to their shareholders for tax purposes, like partnerships.) For example, unlike S corporations, LLCs are not limited in the number and type of owners. Unlike partners in limited partnerships, all members of LLCs have limited liability protection, even if they actively participate in the management of the business. In some cases, LLCs file as sole proprietorships on individual income tax returns or as corporations on corpo-ration income tax returns. LLC data reported on these returns were not included in this article.

Limited liability partnerships (domestic)—A limited liabil-ity partnership (LLP) is formed under a State limited liability partnership law. Limited liability partnerships file Form 1065, U.S. Partnership Return of Income. SOI identified LLPs by their response to a question on Form 1065, Schedule B, Other Information. Organizationally, LLPs are available in some States only for professional partnerships, such as law firms or account-ing firms. A partner in an LLP receives liability protection from the actions of other partners, but is liable for the partnership debts as well as the consequences of his or her own actions.

Nonrecourse loans—Nonrecourse loans are those partnership liabilities for which no partner bears the economic risk of loss.

North American Industry Classification System—Starting with the 1998 partnership study, SOI classified data using the North American Industry Classification System (NAICS), which replaced the Standard Industry Classification system (SIC). NAICS is a hierarchical system that classifies businesses, including partnerships, into sectors, subsectors, industry groups, and industries. Although the complete NAICS uses 20 sectors, SOI grouped the partnership data into 20 industrial divisions in Tax Year 1998 through Tax Year 2001 SOI Bulletin articles for presentation purposes and easier comparison between NAICS and SIC data. SOI dropped the industrial division for the Tax Year 2002 article and grouped the partnership data into the same 20 industrial sectors used in NAICS, except for: 1) excluding public administration, and 2) adding nature of business not

24



allocable. Businesses are only classified in the nature of busi-ness not allocable sector when a more specific activity cannot be identified from the return. SOI classified data within these industrial sectors in industrial groups. The most detailed clas-sification in this article and related data tables is the “industry.” The 20 sectors used in this article are:

• Agriculture, forestry, fishing, and hunting;

• Mining;

• Utilities;

• Construction;

• Manufacturing;

• Wholesale trade;

• Retail trade;

• Transportation and warehousing;

• Information;

• Finance and insurance;

• Real estate and rental and leasing;

• Professional, scientific, and technical services;

• Management of companies (holding companies);

• Administrative and support and waste management and remediation services;

• Educational services;

• Health care and social assistance;

• Arts, entertainment, and recreation;

• Accommodation and food services;

• Other services; and

• Nature of business not allocable.

In addition, in 2002, 2007, and 2012, NAICS updated its classification system. In 2002, the new version included a re-vised structure for both the Construction and Information sec-tors and additional detail for the Retail trade sector. NAICS updated the Information sector again in 2007, along with one financial industry. In 2012, changes occurred in the following sectors: Manufacturing; Wholesale trade; Retail trade; Real estate and rental and leasing; and Accommodation and food services. The North American Industry Classification System publication contains appendices comparing the 2002, 2007, and 2012 NAICS United States structures to the 1997 NAICS United States structure.6

SOI determined a partnership industry based on the activity from which the business derived the largest percentage of its total receipts. For industry coding purposes only, SOI defined total receipts as the sum of:

• gross receipts or sales less returns and allowances (i.e., business receipts in the statistics);

• ordinary income from other partnerships, estates, and trusts;

• net farm profit;

• net gain from Form 4797;

• other income (Form 1065, page 1, line 7);

• other gross rental income;

• interest income;

• dividend income;

• royalties;

• net short-term capital gain;

• net long-term capital gain;

• net section 1231 gain;


• gross rents from rental real estate;

• net gain from the disposition of property from rental real estate activities; and

• net income from rental real estate activities from partner-ships, estates, and trusts in which the partnership is a part-ner or beneficiary.

Total receipts for partnership industry coding purposes dif-fers from total receipts used elsewhere in this article (see “Total receipts” in this section).

Partner—Partners can be individuals, corporations, other partnerships, or any other legal entity. Partners are classified as either general or limited. General partners are those who assume liability for the partnership’s debts and losses. Limited partners are those whose liability in the partnership is limited to their in-vestment. A partnership must have at least two partners, at least one of which must be a general partner. A general partnership is composed entirely of general partners. A limited partnership has at least one general partner and one or more limited partners.

Partnerships—A partnership is the relationship between two or more persons who join to carry on a trade or business. Each person contributes money, property, labor, or skill with the ex-pectation of sharing in the profits and losses of the business, re-gardless of whether a formal partnership agreement was made. Every partnership that engages in a trade or business or has income from sources in the United States must file an annual in-formation return with the Internal Revenue Service, either Form 1065, U.S. Partnership Return of Income, or Form 1065-B, U.S. Return of Income for Electing Large Partnerships, showing the partnership’s income or loss for the year. A partnership must file this return even if its principal place of business is outside

6 For further information about the North American Industry Classification System, including background, formats, and detailed descriptions of the activities included in each classification, see North American Industry Classification System, United States, Executive Office of the President, Office of Management and Budget (http://www.census.gov/eos/www/naics/).

25



http://www.census.gov/eos/www/naics/

the United States and even if all its members are nonresident aliens.

Total net income (loss)—Through Tax Year 1986, partner-ships reported the amounts for total net income (loss) as ordi-nary income (loss) on Form 1065. After the tax law changes and tax form revisions in 1987, Statistics of Income studies began computing a similar total figure as the sum of the following:

• ordinary business income (loss);



• royalties;

• net rental real estate income (loss) from Form 8825; and

• other net rental income (loss).

The sum of these components is a measure of overall part-nership profit or loss, which allows for comparisons with total net income (loss) reported for years before 1987. The profit status of a partnership is determined based on the sum of these six amounts. Partnerships where the sum of these six amounts equals zero are included with loss partnerships. For 2004, the definition of total net income (loss) was revised because other portfolio income (loss) was excluded since it was no longer re-ported separately on Schedule K, but was included on Schedule K, Line 11, “Other income (loss).” This resulted in the 2004 total net income (loss) being understated by that amount when compared to years prior to 2004. However, this understatement was small since, for 2003, other portfolio income (loss) for all partnerships was only $3.1 billion or 1 percent of the $301.4 bil-lion reported for total net income (loss).

Total receipts—Total receipts is computed for the statistics to reflect similar computations published in other Statistics of Income (SOI) studies. It is the sum of positive income received by partnerships for the specific items listed below (note that negative amounts or losses are included in the statistics as de-duction items):

• gross receipts or sales less returns and allowances (i.e., business receipts in the statistics);

• ordinary income from other partnerships, estates and trusts;

• net farm profit;

• net gain from Form 4797;


• net rental real estate income;

• other net rental income;



• royalties;

• net short-term capital gain;

• net long-term capital gain;

• net section 1231 gain; and

• other income (Form 1065, page 4, line 11).

Total receipts in Table 7 differ from total receipts presented in Table 11 in the Selected Historical and Projected Data accessi-ble online at http://www.irs.gov/uac/SOI-Tax-Stats-Historical-Table-11. Table 11 excludes certain income items allocated directly to partners (such as net short-term and long-term capital gains, net gain under Internal Revenue Code section 1231, and other income (Schedule K, Line 11)).

Additional Tabular Data on Tax Stats WebsiteFor additional partnership tabular data by size of total assets, see the Partnership section on IRS’s Tax Stats Website at www.irs.gov/taxstats/index.html. This site also includes tabular data on partnership returns for prior years, as well as information on filing requirements, sample designs, an explanation of terms, and links to other SOI studies. Beginning in 2007, tabular data for partnerships that reported foreign transaction data on Form 1065, Schedule K, Partners’ Distributive Share Items, lines 16a–m, were added to Tax Stats. Table 23 shows these foreign transaction data by selected industry group. Table 24 shows total assets, trade or business income and deductions, portfolio income, rental income, and total net income, by size of total assets, for partnerships that reported these foreign transaction data. In addition, Table 25 is the same as Table 24, except that it displays data for partnerships that did not report foreign transaction data.

26



Ron DeCarlo and Nina Shumofsky are economists with the Partnership and Special Projects Section. This article was prepared under the direc-tion of Joseph Koshansky, Chief.

http://www.irs.gov/uac/SOI


(1) (2) (3) (4) (5) (6)

Number of partnerships 3,715,187 136,376 34,900 4,431 163,067 88,670 Number of partners 27,093,015 432,747 2,008,209 142,481 438,932 1,080,296 Total assets 27,366,266,830 226,482,789 543,098,584 422,412,381 226,150,469 838,556,408 Income and deductions from a trade or business: Total income 5,295,334,204 46,217,895 150,640,483 160,043,395 304,724,059 907,463,543 Business receipts 4,877,414,510 32,944,055 132,046,341 151,352,178 296,527,531 887,266,738 Ordinary income from other partnerships, estates and trusts 139,229,298 1,728,670 4,019,620 4,548,235 1,679,484 4,980,055 Net gain, noncapital assets 28,409,855 1,022,710 2,350,046 2,508,574 1,195,759 2,713,059 Other income [1] 250,280,540 10,522,460 12,224,476 1,634,407 5,321,285 12,503,690 Total deductions 4,915,397,618 43,733,207 141,609,913 167,597,121 289,685,050 859,864,413 Cost of goods sold [2] 2,695,613,646 21,611,065 58,446,721 118,263,563 239,434,454 694,463,952 Inventory, beginning of year 291,139,488 3,617,239 5,318,784 3,151,925 33,234,564 83,285,514 Purchases 1,884,856,950 14,267,414 9,272,613 93,044,253 66,605,023 511,059,062 Cost of labor 154,316,206 [d] [d] 598,630 [d] 38,694,189 Additional inventory costs (section 263A) 16,899,796 [d] [d] 46,179 [d] 4,582,537 Other costs 649,265,349 5,712,233 43,561,142 25,805,738 147,128,811 140,007,942 Less: Inventory, end of year 305,950,278 4,010,002 5,170,655 4,383,161 35,021,884 83,980,518 Salaries and wages 577,746,711 2,745,376 6,544,452 1,988,307 13,215,474 35,100,314 Guaranteed payments to partners 67,146,214 1,022,198 340,304 189,943 2,505,924 2,876,729 Rent paid 101,279,145 553,091 875,177 1,040,230 1,469,750 4,511,194 Interest paid 85,496,044 575,071 7,597,582 5,969,962 2,125,079 8,171,687 Taxes and licenses 87,315,881 465,954 3,431,545 1,859,314 2,093,411 12,918,977 Bad debts 17,186,398 13,116 94,058 99,713 341,404 522,473 Repairs and maintenance 32,838,705 559,451 1,044,681 1,993,924 785,145 3,593,106 Depreciation 176,033,137 1,005,018 18,556,759 19,114,339 2,560,935 11,891,264 Retirement plans, etc. 13,475,978 43,248 87,849 113,148 211,051 1,935,723 Employee benefit programs 41,003,456 161,026 626,276 197,397 733,124 5,966,209 Ordinary loss from other partnerships, estates and trusts 76,356,647 815,492 3,031,415 3,230,367 380,143 2,257,738 Net loss, noncapital assets 6,485,226 128,575 1,311,608 43,976 88,218 308,771 Other deductions [3] 937,420,431 14,034,527 39,621,487 13,492,939 23,740,940 75,346,276 Ordinary business income (loss) 379,936,585 2,484,688 9,030,570 -7,553,726 15,039,008 47,599,129 Net income 672,317,946 12,267,275 32,747,352 12,568,194 22,592,571 71,772,040 Loss 292,381,361 9,782,587 23,716,782 20,121,920 7,553,562 24,172,911 Portfolio income (loss) distributed directly to partners 995,539,608 3,275,920 7,045,456 2,135,669 1,646,359 22,380,545 Interest income 155,005,964 723,230 614,107 337,245 480,175 4,321,801 Dividend income 159,450,074 642,687 272,007 24,931 46,103 4,547,969 Royalties 29,803,275 521,685 3,883,761 2,569 61,151 8,215,954 Net short-term capital gain (loss) 5,086,159 -93,041 99,414 29,107 -51,894 -66,292 Net long-term capital gain (loss) 646,194,135 1,481,358 2,176,167 1,741,817 1,110,824 5,361,112 Net rental real estate income (loss) 54,409,785 582,445 -26,862 269 49,012 67,305 Net income 150,848,414 625,872 107,237 570 541,503 77,094 Loss 96,438,628 43,427 134,099 * 301 492,491 9,788Other net rental income (loss) 1,898,684 99,048 163,713 -553,089 2,632 441,398 Total net income (loss) [4] 780,504,367 5,053,783 13,937,296 -7,741,801 15,678,082 65,193,558 Net income 1,137,464,573 14,286,277 37,331,316 12,710,833 23,365,588 85,903,653 Loss 356,960,206 9,232,493 23,394,020 20,452,634 7,687,506 20,710,095 Footnotes at end of table.

Table 1. All Partnerships: Total Assets, Trade or Business Income and Deductions, Portfolio Income, Rental Income, and Total Net Income, by Industrial Sector, Tax Year 2015

Item Allindustries

Agriculture,forestry, fishing,

and huntingMining Utilities Construction Manufacturing

27




(7) (8) (9) (10) (11) (12) (13)

Number of partnerships 72,188 173,225 40,294 57,547 358,416 1,846,071 248,370 Number of partners 776,030 724,049 2,947,681 205,197 6,189,038 7,914,900 880,726 Total assets 328,457,345 220,825,048 697,714,613 844,035,002 15,048,366,024 6,135,352,807 273,397,909 Income and deductions from a trade or business: Total income 638,996,509 550,785,037 226,159,413 391,297,792 397,708,899 208,185,025 483,225,461 Business receipts 631,587,448 535,925,791 212,213,818 367,222,495 233,994,532 170,737,752 467,373,626 Ordinary income from other partnerships, estates and trusts 1,856,236 1,334,162 3,972,395 15,363,593 52,578,023 14,665,708 5,552,782 Net gain, noncapital assets 344,238 567,169 3,144,960 1,090,589 7,044,391 4,352,286 645,062 Other income [1] 5,208,587 12,957,915 6,828,239 7,621,114 104,091,953 18,429,279 9,653,990 Total deductions 621,750,382 540,091,673 219,046,580 338,135,884 335,516,233 194,696,104 391,546,073 Cost of goods sold [2] 535,995,196 418,771,724 105,783,867 98,941,889 69,580,197 77,844,869 85,568,926 Inventory, beginning of year 55,360,511 59,526,009 4,677,522 4,184,556 3,165,226 27,200,493 1,639,591 Purchases 493,682,008 401,868,781 65,377,085 45,311,418 47,991,221 29,301,201 29,130,674 Cost of labor 3,547,669 4,368,851 [d] [d] [d] 2,664,895 18,181,545 Additional inventory costs (section 263A) 1,622,893 1,192,755 [d] [d] [d] 3,403,319 494,637 Other costs 36,038,984 19,085,972 34,369,966 53,302,791 20,913,232 40,504,791 37,777,589 Less: Inventory, end of year 55,430,268 67,715,752 4,488,866 6,156,239 3,796,184 25,726,155 1,962,405 Salaries and wages 25,400,645 40,140,798 12,552,977 28,466,779 78,191,318 22,857,588 122,097,068 Guaranteed payments to partners 2,321,669 2,175,699 920,796 2,319,387 12,930,857 2,197,233 23,945,939 Rent paid 3,930,671 11,563,481 3,229,152 10,687,865 6,553,362 4,572,732 16,560,066 Interest paid 4,037,062 3,165,483 7,971,293 7,328,253 11,020,038 7,122,627 2,703,132 Taxes and licenses 2,884,804 5,725,812 3,880,145 5,087,399 4,768,921 3,550,989 10,824,394 Bad debts 397,088 755,100 147,478 2,715,922 3,786,955 1,058,224 408,178 Repairs and maintenance 1,429,020 2,473,394 4,233,345 2,756,518 849,435 1,491,514 1,550,033 Depreciation 5,792,412 5,466,967 34,718,245 23,269,932 5,101,261 17,430,507 4,978,514 Retirement plans, etc. 516,975 638,693 336,839 682,351 1,416,785 191,014 4,860,663 Employee benefit programs 2,196,683 2,973,089 1,478,882 2,662,072 3,598,783 1,255,656 7,239,035 Ordinary loss from other partnerships, estates and trusts 368,282 294,058 2,608,458 1,572,976 37,482,319 9,495,467 2,209,567 Net loss, noncapital assets 59,301 234,734 226,972 189,032 1,811,483 864,709 196,943 Other deductions [3] 36,420,574 45,712,640 40,958,131 151,455,508 98,424,520 44,762,975 108,403,617 Ordinary business income (loss) 17,246,127 10,693,364 7,112,833 53,161,908 62,192,667 13,488,921 91,679,388 Net income 23,967,534 18,216,753 23,254,977 72,665,233 125,768,013 45,483,330 105,921,816 Loss 6,721,407 7,523,389 16,142,144 19,503,325 63,575,347 31,994,409 14,242,428 Portfolio income (loss) distributed directly to partners 2,168,344 1,098,718 1,420,376 7,003,496 793,187,079 83,994,797 8,911,178 Interest income 432,743 328,351 487,201 3,001,473 122,933,485 12,737,003 1,056,997 Dividend income 399,293 186,736 [d] 711,363 129,124,829 10,914,345 567,369 Royalties 67,311 8,113 [d] 1,646,426 6,510,427 5,914,124 1,303,071 Net short-term capital gain (loss) -11,537 -4,565 -2,755 377,029 4,762,616 76,705 -88,214 Net long-term capital gain (loss) 1,280,535 580,083 336,390 1,267,205 529,855,721 54,352,621 6,071,954 Net rental real estate income (loss) 103,662 250,935 6,395 68,667 -1,800,733 55,494,259 -26,801 Net income 148,711 290,476 90,360 71,307 4,188,976 142,772,307 166,111 Loss 45,049 39,541 * 83,965 * 2,640 5,989,709 87,278,048 192,911 Other net rental income (loss) 59,967 64,188 -54,772 92,742 119,581 1,469,768 -88,296Total net income (loss) [4] 18,309,102 11,531,687 8,151,197 58,682,579 319,080,255 100,018,419 94,491,729 Net income 24,655,669 18,849,251 23,816,417 76,865,578 375,069,578 211,660,228 108,208,189 Loss 6,346,567 7,317,564 15,665,220 18,183,000 55,989,322 111,641,808 13,716,460 Footnotes at end of table.

Table 1. All Partnerships: Total Assets, Trade or Business Income and Deductions, Portfolio Income, Rental Income, and Total Net Income, by Industrial Sector, Tax Year 2015—Continued

Finance and insuranceWholesale trade Retail trade

Transportationand

warehousingInformationItem

Real estate and rental and

leasing

Professional,scientific, and

technicalservices

28




(14) (15) (16) (17) (18) (19) (20)

Number of partnerships 33,014 54,235 85,678 62,678 146,562 109,464 0 Number of partners 1,431,107 159,734 376,225 436,339 587,421 361,902 0 Total assets 840,509,022 95,777,282 189,491,917 131,174,952 267,837,677 36,626,602 0 Income and deductions from a trade or business: Total income 44,549,445 128,567,357 301,897,176 87,140,445 223,689,237 44,043,034 0 Business receipts 23,357,126 116,883,984 282,174,253 76,325,742 216,792,213 42,688,888 0 Ordinary income from other partnerships, estates and trusts 17,367,619 834,694 3,173,022 2,956,772 2,540,923 77,305 0 Net gain, noncapital assets 138,611 95,673 243,005 172,455 679,715 101,552 0 Other income [1] 3,686,088 10,753,007 16,306,896 7,685,476 3,676,387 1,175,289 0 Total deductions 40,838,785 123,128,730 264,745,652 83,995,361 217,433,352 41,983,106 0 Cost of goods sold [2] 10,823,668 49,138,506 17,236,551 12,764,222 66,613,422 14,330,852 0 Inventory, beginning of year 1,507,569 481,408 310,302 1,145,393 2,259,256 1,073,628 0 Purchases 6,611,710 7,232,300 4,750,633 4,004,662 46,998,715 8,348,175 0 Cost of labor 1,565,939 25,669,101 [d] 1,377,557 10,974,469 3,240,485 0 Additional inventory costs (section 263A) 48,633 110,642 [d] 18,565 288,149 90,094 0 Other costs 3,142,429 15,634,487 7,704,336 7,156,962 8,628,917 2,789,027 0 Less: Inventory, end of year 2,052,612 534,533 314,753 1,238,601 2,651,237 1,316,452 0 Salaries and wages 5,166,888 31,131,303 79,816,246 22,605,736 40,720,843 9,004,599 0 Guaranteed payments to partners 983,737 1,232,062 8,092,094 956,086 1,245,494 890,066 0 Rent paid 649,224 1,963,773 13,765,536 3,204,244 12,891,106 3,258,489 0 Interest paid 2,926,065 1,305,507 2,924,424 2,558,678 7,278,941 715,161 0 Taxes and licenses 591,855 3,082,635 10,275,371 4,785,281 9,799,772 1,289,302 0 Bad debts 156,829 348,337 6,003,292 90,701 169,038 78,493 0 Repairs and maintenance 183,410 559,489 3,229,115 1,123,414 4,451,353 532,359 0 Depreciation 1,932,825 1,402,261 6,013,661 4,245,238 11,545,657 1,007,345 0 Retirement plans, etc. 61,793 277,550 1,405,244 506,254 136,845 53,953 0 Employee benefit programs 374,358 1,419,148 6,474,513 1,048,125 2,247,236 351,847 0 Ordinary loss from other partnerships, estates and trusts 9,401,750 591,228 446,698 809,218 1,280,845 80,627 0 Net loss, noncapital assets 80,393 58,009 32,448 399,824 449,398 830 0 Other deductions [3] 7,505,988 30,618,923 109,030,459 28,898,341 58,603,403 10,389,183 0 Ordinary business income (loss) 3,710,659 5,438,627 37,151,524 3,145,084 6,255,885 2,059,928 0 Net income 18,615,554 9,692,219 44,034,962 11,009,794 17,460,660 4,279,668 0 Loss 14,904,895 4,253,592 6,883,438 7,864,710 11,204,775 2,219,740 0Portfolio income (loss) distributed directly to partners 51,566,002 1,337,341 3,866,241 1,552,791 2,324,360 624,937 0 Interest income 6,101,737 344,362 513,836 213,979 347,327 30,914 0 Dividend income 11,025,584 33,762 [d] 79,226 114,089 185,861 0 Royalties 1,194,404 125,480 [d] 233,930 71,112 * 1,285 0 Net short-term capital gain (loss) 368,106 -320,322 31,614 -11,734 1,741 * -9,819 0 Net long-term capital gain (loss) 32,876,171 1,154,059 3,303,940 1,037,391 1,790,091 416,696 0Net rental real estate income (loss) -655,995 21,071 288,566 -31,957 -23,739 43,285 0 Net income 881,640 25,415 451,450 66,410 293,691 49,284 0 Loss 1,537,635 * 4,344 162,883 98,367 317,429 * 5,999 0Other net rental income (loss) -93,522 10,553 89,965 27,213 6,085 * 41,509 0 Total net income (loss) [4] 21,282,868 5,973,855 38,060,742 3,667,475 6,770,760 2,362,782 0 Net income 35,986,655 10,055,329 44,835,453 11,240,403 18,073,107 4,551,049 0 Loss 14,703,788 4,081,473 6,774,712 7,572,929 11,302,348 2,188,267 0

Table 1. All Partnerships: Total Assets, Trade or Business Income and Deductions, Portfolio Income, Rental Income, and Total Net Income, by Industrial Sector, Tax Year 2015—Continued

* Estimate should be used with caution because of the small number of sample returns on which it is based.[d] In order to avoid disclosure of information for specific partnerships, these data are not shown. However, they are included in the appropriate totals.[1] Farm net profit was combined with other income to prevent disclosure due to the small numbers of returns sampled in certain sectors.[2] Depletion and farm net loss were combined with other deductions to prevent disclosure due to the small numbers of returns sampled in certain sectors.[3] Cost of goods sold does not always equal its components because not all partnerships report the details.[4] Total net income (loss) is the sum of ordinary business income (loss), interest income, dividend income, royalties, net rental real estate income (loss) and other net rental income (loss). For more information, see Explanation of Selected Terms for total net income (loss) at the end of the article text.[5] The Educational and Other services sectors were combined due to disclosure concerns.NOTE: Detail may not add to totals because of rounding.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Accommodationand food services

Educational and Other services

[5]

Nature of business

not allocable

Managementof companies

(holdingcompanies)

Administrative and support and

wastemanagement

and remediation services

Health careand socialassistance

Arts,entertainment,and recreation

Item

29



[All figures are estimates based on samples—money amounts are in thousands of dollars)

(1) (2) (3) (4) (5) (6)

Number of partnerships 2,152,282 75,730 23,506 1,948 103,588 35,638 Number of partners 16,617,446 210,390 1,745,371 10,412 250,685 391,214 Total assets 19,729,772,234 114,353,957 322,015,356 219,310,693 137,703,267 615,171,083 Income and deductions from a trade or business: Total income 4,205,025,239 37,461,058 112,023,261 110,032,115 251,940,920 749,579,286 Business receipts 3,846,902,562 25,168,379 96,157,585 102,316,974 244,499,008 733,374,090 Ordinary income from other partnerships and fiduciaries 133,659,214 1,589,394 3,908,677 4,451,407 1,555,690 4,958,200 Net gain, noncapital assets 24,749,382 531,898 2,229,500 2,259,395 1,169,864 2,485,071 Other income [1] 199,714,081 10,171,387 9,727,500 1,004,338 4,716,357 8,761,924 Total deductions 3,547,989,830 25,398,566 79,451,457 97,532,140 229,450,004 679,892,680 Cost of goods sold [2] 2,067,564,621 15,854,311 34,658,931 77,180,645 194,998,272 565,265,902 Inventory, beginning of year 197,622,823 2,350,156 2,651,646 1,769,782 21,389,699 61,111,619 Purchases 1,459,185,146 10,598,175 5,555,741 60,943,026 53,799,502 421,125,324 Cost of labor 116,373,603 [d] [d] 204,903 [d] 28,513,380 Additional inventory costs (section 263A) 11,547,704 [d] [d] * 32,159 [d] 2,732,796 Other costs 485,886,791 4,232,478 26,294,121 16,039,804 119,636,994 112,877,069 Less: Inventory, end of year 207,307,187 2,570,201 2,683,330 1,809,029 21,540,208 61,907,621 Salaries and wages 425,594,514 2,018,399 3,695,542 1,156,015 9,512,463 23,849,919 Guaranteed payments to partners 51,973,367 489,327 216,539 103,706 1,856,143 2,091,497 Rent paid 71,625,428 381,008 459,364 432,490 1,218,068 2,975,937 Interest paid 43,933,058 187,255 3,831,699 2,877,195 1,004,183 4,246,526 Taxes and licenses 65,128,307 339,651 2,399,332 1,239,882 1,470,535 11,492,503 Bad debts 10,561,036 9,787 44,351 74,086 119,797 234,223 Repairs and maintenance 22,287,957 384,461 679,231 1,334,338 626,556 2,611,276 Depreciation 85,470,967 585,898 9,688,253 6,073,780 1,418,593 7,337,277 Retirement plans, etc. 11,305,694 35,083 58,106 43,735 169,214 1,532,269 Employee benefit programs 30,752,438 135,354 396,529 116,343 568,537 4,644,568 Ordinary loss from other partnerships and fiduciaries 8,940,118 45,136 424,631 15,874 98,582 1,048,229 Net loss, noncapital assets 1,765,481 38,289 193,715 3,593 17,826 60,962 Other deductions [3] 651,086,844 4,894,607 22,705,232 6,880,457 16,371,237 52,501,592 Ordinary business income (loss) 657,035,409 12,062,492 32,571,805 12,499,975 22,490,916 69,686,606 Net income 670,641,877 12,267,275 [d] [d] [d] 71,772,040 Loss 13,606,469 204,783 [d] [d] [d] 2,085,434 Portfolio income (loss) distributed directly to partners 866,216,272 2,508,327 6,693,336 852,844 1,095,733 18,773,427 Interest income 145,625,665 644,212 560,096 111,404 330,361 3,946,677 Dividend income 155,907,871 571,284 206,291 [d] 26,455 4,363,575 Royalties 28,105,900 501,397 3,769,994 [d] 61,067 7,690,910 Net short-term capital gain (loss) 933,056 -15,659 58,725 [d] -15,620 -45,547 Net long-term capital gain (loss) 535,643,780 807,093 2,098,231 724,477 693,469 2,817,812 Net rental real estate income (loss) 145,098,872 419,024 63,063 * -13 455,678 55,243 Net income 149,157,584 439,495 102,435 [d] 496,536 64,607 Loss 4,058,713 20,471 39,372 [d] 40,858 9,364 Other net rental income (loss) 5,690,856 87,868 160,068 * 82,993 1,111 160,642 Total net income [4] 1,137,464,573 14,286,277 37,331,316 12,710,833 23,365,588 85,903,653 Footnotes at end of table.

Table 2. Partnerships with Net Income: Total Assets, Trade or Business Income and Deductions, Portfolio Income, Rental Income, and Total Net Income, by Industrial Sector, Tax Year 2015

Item Allindustries



30




(7) (8) (9) (10) (11) (12) (13)

Number of partnerships 38,031 85,671 23,794 23,069 216,649 1,073,977 150,979 Number of partners 541,793 422,177 1,131,671 68,145 4,577,640 4,561,890 543,060 Total assets 242,546,568 151,684,026 312,820,728 715,972,351 12,099,023,201 3,599,536,539 186,898,072 Income and deductions from a trade or business: Total income 528,218,539 404,665,989 128,670,675 329,626,607 333,332,624 151,511,324 432,496,589 Business receipts 522,039,147 394,040,014 117,508,607 307,537,010 191,460,531 120,229,691 418,779,510 Ordinary income from other partnerships and fiduciaries 1,777,301 1,186,328 3,477,329 14,643,590 51,791,868 13,859,435 5,246,781 Net gain, noncapital assets 251,810 512,053 2,916,589 1,027,833 6,345,876 3,266,071 496,375 Other income [1] 4,150,281 8,927,594 4,768,150 6,418,174 83,734,349 14,156,127 7,973,922 Total deductions 504,383,474 386,529,299 105,444,247 258,306,795 213,682,440 109,711,346 326,714,339 Cost of goods sold [2] 441,683,266 307,659,405 51,210,760 76,788,986 55,016,572 51,245,870 69,944,404 Inventory, beginning of year 41,500,405 41,848,516 1,358,220 2,982,916 1,667,180 13,554,904 1,114,528 Purchases 408,505,526 297,713,825 27,493,244 34,108,246 41,532,875 20,006,807 23,608,200 Cost of labor 2,724,774 3,077,223 [d] [d] [d] 1,763,505 15,115,141 Additional inventory costs (section 263A) 1,102,891 833,785 [d] [d] [d] 2,353,420 468,804 Other costs 28,866,841 11,659,127 19,771,044 42,326,332 13,309,515 25,880,343 30,858,609 Less: Inventory, end of year 42,190,570 47,781,282 1,118,590 4,446,727 2,293,467 12,508,020 1,434,909 Salaries and wages 19,808,807 25,932,516 7,507,919 21,471,529 57,507,998 14,469,161 106,623,871 Guaranteed payments to partners 1,449,238 1,453,164 616,060 1,819,515 9,989,882 1,570,338 20,334,245 Rent paid 2,926,743 7,559,507 1,900,363 7,742,604 4,533,256 2,707,887 14,688,438 Interest paid 2,739,977 1,886,197 3,704,464 2,749,887 6,265,266 3,251,619 1,551,314 Taxes and licenses 2,271,287 3,751,987 2,304,646 4,154,112 3,737,350 1,951,961 9,427,344 Bad debts 240,531 495,845 88,278 2,051,822 1,739,356 276,375 287,355 Repairs and maintenance 1,031,757 1,684,702 1,899,260 2,111,087 548,237 791,127 1,395,760 Depreciation 3,685,890 3,072,529 10,681,898 18,829,416 2,091,378 5,443,606 3,172,603 Retirement plans, etc. 430,243 264,989 211,417 609,691 1,229,086 112,427 4,616,419 Employee benefit programs 1,733,788 1,652,865 1,057,148 1,985,909 2,797,210 658,220 6,329,045 Ordinary loss from other partnerships and fiduciaries 56,224 41,613 79,686 679,338 4,396,617 1,069,872 420,653 Net loss, noncapital assets 19,397 25,666 40,966 43,344 845,089 164,380 182,220 Other deductions [3] 26,306,326 31,048,312 24,141,382 117,269,556 62,985,144 25,998,503 87,740,666 Ordinary business income (loss) 23,835,065 18,136,690 23,226,428 71,319,812 119,650,184 41,799,978 105,782,250 Net income 23,967,534 [d] [d] [d] 125,631,070 44,215,894 [d] Loss 132,469 [d] [d] [d] 5,980,886 2,415,916 [d] Portfolio income (loss) distributed directly to partners 1,341,292 853,140 698,476 5,691,609 721,308,077 59,760,111 3,988,108 Interest income 338,817 285,907 175,118 2,801,868 118,670,885 10,468,286 729,485 Dividend income 340,396 182,518 [d] 594,286 127,321,274 10,283,892 542,728 Royalties 34,296 7,871 [d] 1,472,544 6,321,398 5,772,498 990,931 Net short-term capital gain (loss) 197 -3,743 [d] 106,187 1,729,920 -918,176 -555,618 Net long-term capital gain (loss) 627,587 380,588 300,545 716,725 467,264,599 34,153,611 2,280,581 Net rental real estate income (loss) 57,163 171,328 84,716 39,705 2,421,674 139,892,535 138,278 Net income 101,252 179,941 88,242 [d] 3,860,002 142,010,155 155,218 Loss 44,089 8,614 3,527 [d] 1,438,328 2,117,620 16,940 Other net rental income (loss) 49,932 64,938 105,284 637,363 684,162 3,443,039 24,516 Total net income [4] 24,655,669 18,849,251 23,816,417 76,865,578 375,069,578 211,660,228 108,208,189 Footnotes at end of table.

Table 2. Partnerships with Net Income: Total Assets, Trade or Business Income and Deductions, Portfolio Income, Rental Income, and Total Net Income, by Industrial Sector, Tax Year 2015—Continued

Finance and insurance

Wholesaletrade Retail trade

Transportationand



leasing


technicalservices

31




(14) (15) (16) (17) (18) (19) (20)

Number of partnerships 14,042 37,838 55,864 37,541 78,399 76,021 0 Number of partners 918,671 88,874 264,292 282,930 324,547 283,683 0 Total assets 572,881,839 64,649,148 133,175,358 75,673,934 144,316,829 22,039,287 0 Income and deductions from a trade or business: Total income 35,466,224 99,601,412 244,503,628 60,848,394 161,650,205 33,396,389 0 Business receipts 15,741,695 90,955,182 226,591,838 52,239,667 155,973,687 32,289,947 0 Ordinary income from other partnerships and fiduciaries 16,662,458 651,816 3,082,549 2,554,788 2,187,743 * 73,860 0 Net gain, noncapital assets 121,638 75,459 169,999 153,837 650,101 86,010 0 Other income [1] 2,940,433 7,918,954 14,659,241 5,900,102 2,838,674 946,572 0 Total deductions 17,639,902 89,939,043 200,603,430 49,957,085 144,236,864 29,116,720 0 Cost of goods sold [2] 7,485,922 38,405,871 13,844,428 7,918,949 47,885,522 10,516,606 0 Inventory, beginning of year 1,216,427 334,902 242,537 404,909 1,495,210 629,266 0 Purchases 4,114,507 4,582,726 3,600,130 2,336,296 33,539,693 6,021,301 0 Cost of labor 1,321,069 21,099,020 [d] [d] 8,273,244 [d] 0 Additional inventory costs (section 263A) 10,225 74,005 [d] [d] 203,147 [d] 0 Other costs 2,120,600 12,161,638 6,757,528 4,741,591 6,068,548 2,284,610 0 Less: Inventory, end of year 1,296,907 391,521 243,321 419,969 1,749,923 921,591 0 Salaries and wages 2,527,043 22,636,902 60,007,188 13,637,303 26,936,567 6,295,372 0 Guaranteed payments to partners 439,501 1,005,049 6,447,463 770,772 840,499 480,429 0 Rent paid 340,596 1,373,669 9,792,537 2,135,519 8,094,540 2,362,901 0 Interest paid 1,440,951 744,586 1,559,559 1,239,762 4,277,761 374,857 0 Taxes and licenses 212,690 2,225,514 7,581,563 2,985,641 6,694,296 888,014 0 Bad debts 74,861 194,143 4,481,181 41,652 65,180 42,212 0 Repairs and maintenance 90,180 429,275 2,557,341 774,640 2,969,361 369,368 0 Depreciation 245,644 909,049 3,782,949 2,079,290 5,781,582 591,334 0 Retirement plans, etc. 32,602 197,582 1,273,646 332,149 111,219 45,815 0 Employee benefit programs 171,982 1,066,326 4,993,393 705,445 1,473,745 266,030 0 Ordinary loss from other partnerships and fiduciaries 337,341 38,735 21,704 95,907 59,277 * 10,699 0 Net loss, noncapital assets 31,010 13,936 18,661 29,218 36,520 * 686 0 Other deductions [3] 4,209,579 20,698,406 84,241,816 17,210,837 39,010,793 6,872,398 0 Ordinary business income (loss) 17,826,322 9,662,369 43,900,197 10,891,309 17,413,341 4,279,668 0 Net income [d] 9,692,219 [d] 11,009,794 [d] 4,279,668 0 Loss [d] * 29,850 [d] * 118,485 [d] 0 0 Portfolio income (loss) distributed directly to partners 36,663,348 1,117,452 1,671,699 1,221,838 1,573,312 404,142 0 Interest income 5,474,692 209,491 470,767 124,111 257,750 25,738 0 Dividend income 10,827,421 24,689 [d] 73,290 113,546 [d] 0 Royalties 1,116,288 [d] [d] 176,065 65,542 [d] 0 Net short-term capital gain (loss) 518,726 [d] 90,780 -13,423 -4,201 [d] 0 Net long-term capital gain (loss) 18,726,223 756,775 1,096,353 861,795 1,140,676 196,639 0 Net rental real estate income (loss) 699,217 23,766 376,612 -41,388 216,844 25,426 0 Net income 853,358 [d] 418,219 53,504 236,501 [d] 0 Loss 154,141 [d] 41,607 94,892 19,658 [d] 0 Other net rental income (loss) 42,716 [d] 74,078 17,017 6,085 [d] 0 Total net income [4] 35,986,655 10,055,329 44,835,453 11,240,403 18,073,107 4,551,049 0

Table 2. Partnerships with Net Income: Total Assets, Trade or Business Income and Deductions, Portfolio Income, Rental Income, and Total Net Income, by Industrial Sector, Tax Year 2015—Continued

* Estimate should be used with caution because of the small number of sample returns on which it is based.[d] In order to avoid disclosure of information for specific partnerships, these data are not shown. However, they are included in the appropriate totals.[1] Farm net profit was combined with other income to prevent disclosure due to the small numbers of returns sampled in certain sectors.[2] Depletion and farm net loss were combined with other deductions to prevent disclosure due to the small numbers of returns sampled in certain sectors.[3] Cost of goods sold does not always equal its components because not all partnerships report the details.[4] Total net income (loss) is the sum of ordinary business income (loss), interest income, dividend income, royalties, net rental real estate income (loss) and other net rental income (loss). For more information, see Explanation of Selected Terms for total net income (loss) at the end of the article text.[5] The Educational and Other services sectors were combined due to disclosure concerns.NOTE: Detail may not add to totals because of rounding.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.


Educationaland Other

services [5]

Nature of business

not allocable


(holdingcompanies)

Administrativeand supportand waste

managementand remediation

services

Health care and social

assistance


Item

32



[All figures are estimates based on samples—money amounts are in thousands of dollars]

(1) (2) (3) (4) (5) (6)Number of partnerships [1] 3,715,187 136,376 34,900 4,431 163,067 88,670 Number of partners 27,093,015 432,747 2,008,209 142,481 438,932 1,080,296 Partnerships reporting balance sheet data: Number of partnerships 2,771,012 101,175 28,975 4,353 102,428 54,314 Number of partners 23,875,553 344,263 1,891,569 38,857 305,126 994,766 Total assets 27,366,266,830 226,482,789 543,098,584 422,412,381 226,150,469 838,556,408 Cash 1,284,945,654 10,239,462 21,095,805 11,346,506 26,606,597 29,018,969 Trade notes and accounts receivable 784,715,852 6,860,554 20,407,949 17,510,511 36,397,048 120,883,902 Less: Allowance for bad debts 25,564,542 43,024 307,799 155,690 294,377 1,157,763 Inventories 343,441,047 13,810,549 6,381,134 5,423,510 41,066,864 79,498,666 U.S. Government obligations 138,258,559 [d] 0 0 [d] [d] Tax-exempt securities 36,788,951 [d] 0 [d] * 124,830 [d] Other current assets 2,511,974,003 12,342,870 31,103,678 17,040,939 33,128,843 35,890,759 Loans to partners 115,093,324 891,989 843,747 221,513 814,396 5,327,259 Mortgage and real estate loans 97,901,402 [d] [d] 0 321,765 * 14,435 Other investments 13,723,024,859 20,021,937 60,063,382 95,121,711 20,398,285 161,702,002 Depreciable assets 6,513,921,201 130,072,180 258,600,143 271,951,581 40,124,491 351,813,181 Less: Accumulated depreciation 2,091,368,210 83,292,186 134,200,489 63,407,925 21,421,774 163,332,683 Depletable assets 347,222,594 9,743,380 318,142,870 [d] [d] 1,695,586 Less: Accumulated depletion 129,272,256 1,357,011 122,759,792 [d] * 2,639 390,980 Land 1,142,884,446 64,062,819 [d] 1,265,701 15,375,454 7,052,436 Intangible assets 1,163,641,233 5,731,037 47,765,975 22,085,213 7,480,229 135,656,370 Less: Accumulated amortization 229,817,949 1,435,308 16,625,373 6,946,744 1,370,570 26,796,295 Other assets 1,638,476,661 36,736,296 46,747,464 50,307,352 27,312,629 101,619,080 Total liabilities and capital 27,366,266,830 226,482,789 543,098,584 422,412,381 226,150,469 838,556,408 Accounts payable 529,084,246 4,296,554 21,597,846 12,406,893 25,994,798 80,976,711 Mortgages, notes, bonds payable in less than 1 year 351,264,544 18,948,243 9,390,378 11,811,332 14,268,675 20,614,790 Other current liabilities 3,495,987,000 12,864,665 30,479,436 21,094,559 37,168,780 75,240,516 Nonrecourse loans 1,269,695,686 2,070,386 9,605,017 8,298,422 4,623,347 20,400,925 Loans from partners 293,521,710 2,450,391 10,402,038 1,268,720 8,423,442 24,149,685 Mortgages, notes, bonds payable in 1 year or more 3,221,869,377 53,646,277 86,942,102 95,807,116 41,405,307 96,768,746 Other liabilities 1,857,560,452 6,748,949 67,167,021 43,795,794 26,189,627 9,204,944 Partners capital accounts 16,347,283,814 125,457,326 307,514,746 227,929,545 68,076,492 511,200,091 Footnotes at end of table.

Table 3. All Partnerships: Balance Sheets by Selected Industrial Group, Tax Year 2015

Item Allindustries



33




(7) (8) (9) (10) (11) (12) (13)Number of partnerships [1] 72,188 173,225 40,294 57,547 358,416 1,846,071 248,370 Number of partners 776,030 724,049 2,947,681 205,197 6,189,038 7,914,900 880,726 Partnerships reporting balance sheet data: Number of partnerships 48,078 118,510 32,859 34,066 280,875 1,480,157 149,287 Number of partners 718,897 606,843 2,723,943 135,297 5,808,225 6,752,506 654,516 Total assets 328,457,345 220,825,048 697,714,613 844,035,002 15,048,366,024 6,135,352,807 273,397,909 Cash 15,127,813 17,104,013 5,164,908 19,250,018 720,207,048 247,269,648 54,380,042 Trade notes and accounts receivable 65,193,923 19,454,427 62,610,751 55,148,885 185,226,286 56,799,194 36,470,646 Less: Allowance for bad debts 955,246 448,835 190,065 2,415,448 3,891,735 2,057,386 1,788,493 Inventories 54,370,745 65,761,772 4,722,426 11,796,655 18,793,965 29,450,774 2,319,035 U.S. Government obligations [d] 0 [d] 0 136,304,534 1,352,977 [d] Tax-exempt securities * 29,926 [d] 0 [d] 32,157,602 4,018,078 * 17,686 Other current assets 20,151,433 12,059,208 16,591,903 62,515,259 1,892,903,191 249,532,948 35,564,366 Loans to partners 2,171,457 504,216 931,839 14,352,221 48,360,848 25,079,528 7,541,760 Mortgage and real estate loans [d] * 194,495 0 [d] 57,042,760 36,773,350 [d] Other investments 23,296,055 11,864,789 108,233,985 185,029,775 11,279,102,101 1,184,577,145 37,697,003 Depreciable assets 90,955,950 79,750,453 480,935,119 245,683,360 99,099,347 3,859,976,537 72,981,088 Less: Accumulated depreciation 30,488,690 39,784,918 107,598,427 130,315,458 28,699,084 1,053,261,475 42,532,921 Depletable assets [d] [d] * 254,310 [d] 6,456,003 7,666,684 * 41,619 Less: Accumulated depletion [d] [d] [d] [d] 1,380,785 2,545,727 * 14,149 Land 5,065,274 9,216,732 3,893,128 1,865,742 16,414,130 960,878,829 615,229 Intangible assets 68,916,047 33,458,265 68,738,488 317,138,119 62,901,732 185,192,179 52,239,976 Less: Accumulated amortization 9,017,415 5,682,902 5,745,483 31,911,827 16,574,357 64,010,459 12,303,786 Other assets 23,598,304 17,363,098 59,183,456 95,849,224 543,942,441 408,659,983 29,709,471 Total liabilities and capital 328,457,345 220,825,048 697,714,613 844,035,002 15,048,366,024 6,135,352,807 273,397,909 Accounts payable 53,127,956 21,602,823 54,020,911 43,056,102 116,743,632 47,911,366 15,033,363 Mortgages, notes, bonds payable in less than 1 year 14,359,443 33,455,764 8,800,996 9,054,202 80,706,517 94,339,242 6,368,945 Other current liabilities 27,732,280 23,732,893 28,184,053 65,305,242 2,790,496,665 209,675,329 50,138,021 Nonrecourse loans 3,386,362 2,506,162 9,321,399 4,854,267 71,323,858 1,089,533,596 4,467,782 Loans from partners 4,717,343 7,016,254 3,812,518 33,855,369 52,278,398 104,794,111 7,098,356 Mortgages, notes, bonds payable in 1 year or more 46,571,025 40,203,246 199,441,157 59,537,073 282,028,531 1,863,554,971 34,283,499 Other liabilities 27,206,028 21,691,911 31,456,734 46,602,464 916,231,133 409,728,422 26,138,954 Partners capital accounts 151,356,907 70,615,995 362,676,845 581,770,284 10,738,557,291 2,315,815,769 129,868,988 Footnotes at end of table.

Table 3. All Partnerships: Balance Sheets by Selected Industrial Group, Tax Year 2015—Continued


Wholesaletrade Retail trade

Transportationand



leasing


technicalservices

34




(14) (15) (16) (17) (18) (19) (20)Number of partnerships [1] 33,014 54,235 85,678 62,678 146,562 109,464 0 Number of partners 1,431,107 159,734 376,225 436,339 587,421 361,902 0 Partnerships reporting balance sheet data: Number of partnerships 31,668 29,921 66,876 40,418 107,867 59,187 0 Number of partners 1,422,011 109,700 322,160 369,117 421,055 256,704 0 Total assets 840,509,022 95,777,282 189,491,917 131,174,952 267,837,677 36,626,602 0 Cash 48,558,152 8,477,472 17,550,726 11,105,087 19,423,860 3,019,530 0 Trade notes and accounts receivable 32,105,083 19,394,462 36,816,923 5,105,812 6,053,496 2,276,001 0 Less: Allowance for bad debts 160,166 168,072 11,059,124 193,555 183,470 94,295 0 Inventories 3,619,200 537,288 834,819 1,274,860 2,664,587 1,114,198 0 U.S. Government obligations 0 0 [d] 0 [d] 0 0 Tax-exempt securities [d] 0 [d] 0 [d] 0 0 Other current assets 49,081,166 10,947,564 12,269,799 7,577,593 11,141,369 2,131,116 0 Loans to partners 4,054,634 417,761 737,990 543,341 2,167,315 131,509 0 Mortgage and real estate loans [d] [d] 0 [d] * 58,875 0 0 Other investments 479,716,566 13,586,140 10,139,333 20,306,658 9,581,223 2,586,768 0 Depreciable assets 84,808,349 20,029,160 112,302,583 66,055,328 232,889,609 15,892,743 0 Less: Accumulated depreciation 12,281,200 10,823,360 51,414,658 27,124,036 83,477,663 7,911,263 0 Depletable assets * 1,623,174 [d] [d] [d] * 129,896 0 0 Less: Accumulated depletion * 43,524 [d] [d] [d] * 80,040 0 0 Land 3,421,584 [d] 5,732,498 9,240,825 29,019,407 3,425,347 0 Intangible assets 25,871,161 25,071,687 35,687,282 31,007,486 28,393,422 10,306,564 0 Less: Accumulated amortization 4,566,301 5,283,587 4,784,671 8,709,137 6,334,010 1,719,723 0 Other assets 123,443,808 12,618,595 24,671,542 14,983,654 16,262,158 5,468,107 0 Total liabilities and capital 840,509,022 95,777,282 189,491,917 131,174,952 267,837,677 36,626,602 0 Accounts payable 5,437,298 3,891,117 9,643,557 3,597,121 8,573,630 1,172,567 0 Mortgages, notes, bonds payable in less than 1 year 7,618,596 2,317,766 5,171,399 3,434,290 9,985,459 618,508 0 Other current liabilities 41,344,409 12,505,516 23,390,160 19,911,798 23,224,481 3,498,199 0 Nonrecourse loans 7,194,757 * 391,271 4,990,728 3,962,509 21,829,757 * 935,141 0 Loans from partners 7,834,555 3,689,807 2,960,693 4,140,732 11,584,470 3,044,828 0 Mortgages, notes, bonds payable in 1 year or more 74,293,578 24,806,901 49,450,956 42,714,845 119,511,717 10,902,329 0 Other liabilities 133,831,311 8,791,376 31,531,319 22,010,854 24,802,850 4,430,761 0 Partners capital accounts 562,954,517 39,383,529 62,353,105 31,402,803 48,325,313 12,024,268 0

Table 3. All Partnerships: Balance Sheets by Selected Industrial Group, Tax Year 2015—Continued

* Estimate should be used with caution because of the small number of sample returns on which it is based.[d] In order to avoid disclosure of information for specific partnerships, these data are not shown. However, they are included in the appropriate totals.[1] The difference between “number of partnerships” and “number of partnerships reporting balance sheet data” is due to partnerships exempt from filing balance sheets. Since these partnerships are generally small--total assets less than $1,000,000 and total receipts less than $250,000--balance sheet data for partnerships are slightly understated.[2] The Educational and Other services sectors were combined to prevent disclosure due to the small numbers of returns sampled in certain sectors.NOTE: Detail may not add to totals because of rounding.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.



services [2]

Nature of business

not allocable


(holdingcompanies)

Administrativeand supportand waste


services

Health care and social

assistance


Item

35




(1) (2) (3) (4) (5) (6)

Number of partnerships 1,639,054 18,721 2,402 193 11,479 638 Number of partners 9,332,150 68,680 15,022 1,065 30,983 14,698 Gross rents from real estate 563,580,909 1,343,558 288,984 * 2,120 851,128 83,983 Real estate rental expenses, total 511,741,989 836,436 271,884 * 2,176 1,089,067 54,953 Advertising 2,693,425 * 319 * 346 [d] 13,432 0 Auto and travel 977,445 * 251 [d] 0 * 839 [d] Cleaning and maintenance 20,001,891 17,449 * 1,389 [d] 22,627 * 243 Commissions 1,832,688 * 3,883 * 794 0 5,502 0 Insurance 13,072,025 32,826 6,366 * 83 57,819 690 Legal and other professional fees 31,625,199 29,940 * 4,649 [d] 24,522 2,580 Interest expense 117,388,994 158,789 25,165 [d] 360,121 8,260 Repairs 28,737,789 72,692 10,870 * 308 52,645 5,002 Taxes 55,121,406 53,405 6,477 [d] 72,144 5,095 Utilities 31,180,256 24,136 5,679 [d] 45,971 510 Wages and salaries 20,765,583 * 44,876 [d] 0 23,292 [d] Depreciation 121,541,051 262,028 189,597 * 312 308,735 22,804 Other expenses 66,804,236 135,842 16,820 [d] 101,416 9,330 Net gain (loss) from sales of business property 2,869,659 0 0 0 * 157,875 [d] Net income (loss) from partnerships, estates and trusts -298,795 75,323 -43,962 * 325 129,076 [d] Net income 34,059,156 77,800 38,174 [d] 276,417 38,045 Loss 34,357,951 * 2,477 82,137 [d] 147,341 [d] Net rental real estate income (loss) 54,409,785 582,445 -26,862 269 49,012 67,305 Net income 150,848,414 625,872 107,237 570 541,503 77,094 Loss 96,438,628 43,427 134,099 * 301 492,491 9,788 Footnotes at end of table.

Item Allindustries

Agriculture,forestry,

fishing, andhunting

Mining Utilities

Table 4. Partnerships with Net Rental Real Estate Income (Loss), by Selected Industrial Group, Tax Year 2015

Construction Manufacturing

36




(7) (8) (9) (10) (11) (12) (13)

Number of partnerships 1,871 2,514 699 298 79,838 1,490,340 10,340 Number of partners 122,303 9,218 793,995 1,629 1,200,676 6,536,434 44,180 Gross rents from real estate 291,057 500,593 325,932 145,773 3,293,264 553,099,851 295,383 Real estate rental expenses, total 199,914 307,374 245,950 79,462 3,610,900 502,012,555 211,845 Advertising [d] [d] [d] 0 14,215 2,635,903 [d] Auto and travel [d] * 97 [d] * 87 8,158 960,765 * 50 Cleaning and maintenance 915 5,434 * 17,933 * 897 94,807 19,803,179 * 609 Commissions [d] [d] [d] 0 7,306 1,803,781 [d] Insurance 3,930 5,111 * 14,933 * 1,246 59,989 12,818,440 2,736 Legal and other professional fees 2,120 13,310 * 23,865 * 414 495,860 30,895,886 * 3,197 Interest expense 48,609 86,424 * 6,722 * 4,544 605,227 115,546,751 32,758 Repairs 3,982 11,738 * 6,612 * 3,284 127,446 28,360,712 5,382 Taxes 18,595 22,725 * 8,155 * 5,761 367,306 54,327,684 22,103 Utilities 1,154 3,331 * 42,728 * 9,148 166,401 30,758,203 7,163 Wages and salaries * 14,468 * 9,597 [d] * 6,290 125,773 20,081,820 [d] Depreciation 86,172 110,983 26,101 18,465 881,115 119,057,071 24,880 Other expenses 19,783 37,060 30,590 29,325 657,297 64,962,361 111,910 Net gain (loss) from sales of business property [d] 0 [d] 0 25,955 2,422,815 [d] Net income (loss) from partnerships, estates and trusts [d] 57,716 [d] 2,356 -1,509,052 1,984,149 [d] Net income 24,278 62,948 * 1,188 * 3,000 3,543,596 29,009,095 62,353 Loss [d] 5,232 [d] * 644 5,052,648 27,024,946 [d] Net rental real estate income (loss) 103,662 250,935 6,395 68,667 -1,800,733 55,494,259 -26,801 Net income 148,711 290,476 90,360 71,307 4,188,976 142,772,307 166,111 Loss 45,049 39,541 * 83,965 * 2,640 5,989,709 87,278,048 192,911 Footnotes at end of table.

Item

Table 4. Partnerships with Net Rental Real Estate Income (Loss), by Selected Industrial Group, Tax Year 2015—Continued


technicalservices


leasing

Wholesaletrade

Retailtrade

Transportationand

warehousingInformation Finance

and insurance

37



(14) (15) (16) (17) (18) (19) (20)

Number of partnerships 11,700 1,647 2,309 858 2,436 772 0 Number of partners 251,862 29,559 13,364 81,135 14,258 103,089 0 Gross rents from real estate 240,761 117,953 1,578,855 170,434 873,021 78,261 0 Real estate rental expenses, total 293,671 95,981 1,536,864 132,678 726,216 34,063 0 Advertising * 610 0 25,202 * 498 * 1,730 0 0 Auto and travel 409 [d] [d] * 702 [d] 0 0 Cleaning and maintenance 12,057 [d] 11,964 * 3,742 8,516 0 0 Commissions * 6,830 0 [d] [d] [d] 0 0 Insurance 5,846 * 563 45,054 [d] 13,563 [d] 0 Legal and other professional fees 22,522 * 151 80,191 3,543 21,434 [d] 0 Interest expense 38,556 * 20,992 202,646 23,105 199,642 [d] 0 Repairs 17,616 * 2,699 42,732 3,815 9,309 * 943 0 Taxes 36,009 * 1,915 109,225 10,393 52,707 [d] 0 Utilities 7,497 * 1,214 71,035 7,752 25,052 [d] 0 Wages and salaries 14,665 [d] 347,593 * 2,948 * 22,881 0 0 Depreciation 92,946 26,049 200,271 41,594 187,635 * 4,291 0 Other expenses 38,107 * 41,795 395,702 31,775 182,067 [d] 0 Net gain (loss) from sales of business property [d] 0 * 270,558 0 [d] 0 0 Net income (loss) from partnerships, estates and trusts [d] * -901 -23,983 -69,713 [d] * -913 0 Net income 835,179 * 86 34,719 21,613 [d] [d] 0 Loss [d] * 987 58,702 91,326 191,568 [d] 0 Net rental real estate income (loss) -655,995 21,071 288,566 -31,957 -23,739 43,285 0 Net income 881,640 25,415 451,450 66,410 293,691 49,284 0 Loss 1,537,635 * 4,344 162,883 98,367 317,429 * 5,999 0 * Estimate should be used with caution because of the small number of sample returns on which it is based.[d] In order to avoid disclosure of information for specific partnerships, these data are not shown. However, they are included in the appropriate totals.[1] The Educational and Other services sectors were combined due to disclosure concerns.NOTE: Detail may not add to totals because of rounding.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Item


Table 4. Partnerships with Net Rental Real Estate Income (Loss), by Selected Industrial Group, Tax Year 2015—Continued

Nature of business

not allocable


(holdingcompanies)

Administrativeand support and waste


services

Health care and social assistance


Accommodationand foodservices


services [1]

38




(1) (2) (3) (4) (5) (6)

Number of partnerships [1] 3,715,187 136,376 34,900 4,431 163,067 88,670 Number of partners 27,093,015 432,747 2,008,209 142,481 438,932 1,080,296 Total income (loss) 1,986,878,904 12,092,342 24,458,162 -5,088,976 21,164,797 77,408,297 Ordinary business income (loss) 379,936,585 2,484,688 9,030,570 -7,553,726 15,039,008 47,599,129 Net rental real estate income (loss) 54,409,785 582,445 -26,862 269 49,012 67,305 Other net rental income (loss) 1,898,684 99,048 163,713 -553,089 2,632 441,398 Interest income 155,005,964 723,230 614,107 337,245 480,175 4,321,801 Dividend income 159,450,074 642,687 272,007 24,931 46,103 4,547,969 Royalties 29,803,275 521,685 3,883,761 2,569 61,151 8,215,954 Net short-term capital gain (loss) 5,086,159 -93,041 99,414 29,107 -51,894 -66,292 Net long-term capital gain (loss) 646,194,135 1,481,358 2,176,167 1,741,817 1,110,824 5,361,112 Guaranteed payments to partners 82,083,506 1,312,107 391,155 225,629 2,488,805 2,985,585 Net section 1231 gain (loss) 208,685,578 3,658,541 2,300,651 137,800 1,723,816 2,338,705 Other income (loss) 264,325,158 679,593 5,553,478 518,472 215,165 1,595,629 Total deductions 379,594,607 3,299,688 52,959,895 2,916,316 2,011,911 7,463,119 Contributions 6,028,437 165,408 121,447 13,441 153,674 326,657 Section 179 deductions 11,724,175 2,316,486 146,166 12,583 1,279,806 902,326 Investment interest expense 93,023,460 151,393 102,549 * 72,418 54,096 93,677 Foreign taxes 16,954,775 7,666 3,515,433 * 8,024 39,191 1,824,627 Qualified expenditures (section 59(e)) 68,146,515 * 9,648 46,560,064 15,549 8,270 1,278,386 Other deductions 183,717,244 649,087 2,514,236 2,794,302 476,874 3,037,445 Total income (loss) minus total deductions 1,607,284,297 8,792,654 -28,501,734 -8,005,293 19,152,885 69,945,178 Income (loss) allocated to partners by type of partner [2]: All partners 1,591,743,402 8,811,143 -28,552,198 -8,005,293 19,166,981 [d] Corporate general partners 95,747,356 678,850 -11,306,639 -141,736 1,592,004 16,493,798 Corporate limited partners 272,824,168 972,648 -2,173,569 -6,803,147 2,685,960 36,770,526 Individual general partners 92,993,335 2,415,425 -981,365 * -33,057 1,297,686 501,455 Individual limited partners 327,344,729 1,845,768 3,278,472 53,142 9,317,981 5,278,209 Partnership general partners 113,865,027 994,084 -2,869,327 -177,628 802,840 -395,099 Partnership limited partners 429,021,844 678,331 -12,116,559 239,870 3,322,733 7,675,831 Tax-exempt organization partners (general and limited) 106,664,008 58,873 426,464 -329,164 3,935 212,971 Nominee and other general partners 5,884,149 189,533 -2,626,882 -160,731 42,678 [d] Nominee and other limited partners 147,398,786 977,631 -182,795 -652,841 101,165 [d] Footnotes at end of table.

Item

Table 5. All Partnerships: Income (or Loss) Allocated to Partners, by Industrial Sector, Tax Year 2015

Allindustries


fishing, andhunting

Mining Utilities Construction Manufacturing

39



(7) (8) (9) (10) (11) (12) (13)

Number of partnerships [1] 72,188 173,225 40,294 57,547 358,416 1,846,071 248,370 Number of partners 776,030 724,049 2,947,681 205,197 6,189,038 7,914,900 880,726 Total income (loss) 23,664,809 15,067,071 11,890,855 62,809,944 1,146,734,364 320,017,896 128,294,657 Ordinary business income (loss) 17,246,127 10,693,364 7,112,833 53,161,908 62,192,667 13,488,921 91,679,388 Net rental real estate income (loss) 103,662 250,935 6,395 68,667 -1,800,733 55,494,259 -26,801 Other net rental income (loss) 59,967 64,188 -54,772 92,742 119,581 1,469,768 -88,296 Interest income 432,743 328,351 487,201 3,001,473 122,933,485 12,737,003 1,056,997 Dividend income 399,293 186,736 557,070 711,363 129,124,829 10,914,345 567,369 Royalties 67,311 8,113 42,470 1,646,426 6,510,427 5,914,124 1,303,071 Net short-term capital gain (loss) -11,537 -4,565 -2,755 377,029 4,762,616 76,705 -88,214 Net long-term capital gain (loss) 1,280,535 580,083 336,390 1,267,205 529,855,721 54,352,621 6,071,954 Guaranteed payments to partners 2,322,174 2,157,819 918,092 2,254,414 23,948,184 5,015,233 23,971,008 Net section 1231 gain (loss) 1,540,757 711,098 2,429,724 -122,011 27,826,171 155,094,550 2,995,932 Other income (loss) 223,777 90,950 58,207 350,729 241,261,417 5,460,367 852,248Total deductions 3,126,569 1,262,780 7,067,698 7,258,288 233,249,290 29,550,030 10,246,412 Contributions 162,115 181,415 235,705 127,260 1,873,808 964,144 663,251 Section 179 deductions 539,468 547,013 418,155 142,171 520,876 1,211,210 961,300 Investment interest expense 53,780 6,606 184,982 35,951 84,667,139 4,240,847 256,296 Foreign taxes 295,100 125,182 115,721 915,137 7,502,929 797,795 964,569 Qualified expenditures (section 59(e)) * 7,576 * 2,146 204,170 642,536 17,703,523 185,886 768,610 Other deductions 2,068,530 400,419 5,908,964 5,395,233 120,981,014 22,150,150 6,632,386Total income (loss) minus total deductions 20,538,240 13,804,291 4,823,157 55,551,656 913,485,074 290,467,866 118,048,245 Income (loss) allocated to partners by type of partner [2]: All partners 20,396,437 13,804,139 4,938,490 [d] 899,637,011 290,777,611 116,735,474 Corporate general partners 1,072,299 1,279,857 1,538,752 29,346,541 25,616,261 16,281,219 5,009,286 Corporate limited partners 7,791,802 3,060,171 1,602,604 11,912,204 156,363,872 29,458,529 5,384,753 Individual general partners 491,154 1,502,045 693,558 236,130 10,902,419 16,899,500 51,593,732 Individual limited partners 6,580,609 5,041,448 -1,416,771 2,382,847 131,358,158 78,699,165 46,867,534 Partnership general partners 674,283 234,769 2,731,187 5,450,977 89,876,923 10,323,593 2,546,098 Partnership limited partners 2,469,010 2,136,630 515,454 4,560,103 298,244,227 87,679,485 3,230,856 Tax-exempt organization partners (general and limited) -56,122 * 90,669 -773,630 71,203 88,872,602 15,003,716 123,952 Nominee and other general partners -43,529 28,771 * 441,034 [d] 5,209,592 1,840,416 102,539 Nominee and other limited partners 1,416,931 429,778 -393,699 [d] 93,192,957 34,591,988 1,876,724 Footnotes at end of table.



leasing


technicalservices

Item

Table 5. All Partnerships: Income (or Loss) Allocated to Partners, by Industrial Sector, Tax Year 2015—Continued[All figures are estimates based on samples—money amounts are in thousands of dollars]

InformationWholesaletrade

Retailtrade

Transportationand

warehousing

40




(14) (15) (16) (17) (18) (19) (20)

Number of partnerships [1] 33,014 54,235 85,678 62,678 146,562 109,464 0 Number of partners 1,431,107 159,734 376,225 436,339 587,421 361,902 0 Total income (loss) 68,097,901 9,025,362 46,720,671 5,754,216 15,110,181 3,656,357 0 Ordinary business income (loss) 3,710,659 5,438,627 37,151,524 3,145,084 6,255,885 2,059,928 0 Net rental real estate income (loss) -655,995 21,071 288,566 -31,957 -23,739 43,285 0 Other net rental income (loss) -93,522 10,553 89,965 27,213 6,085 * 41,509 0 Interest income 6,101,737 344,362 513,836 213,979 347,327 30,914 0 Dividend income 11,025,584 33,762 16,850 79,226 114,089 185,861 0 Royalties 1,194,404 125,480 [d] 233,930 [d] [d] 0 Net short-term capital gain (loss) 368,106 -320,322 31,614 -11,734 [d] [d] 0 Net long-term capital gain (loss) 32,876,171 1,154,059 3,303,940 1,037,391 1,790,091 416,696 0 Guaranteed payments to partners 1,526,543 1,232,381 8,148,452 1,017,154 1,268,815 899,958 0 Net section 1231 gain (loss) 1,110,647 601,059 1,453,467 58,938 4,787,926 37,807 0 Other income (loss) 10,933,566 384,330 -4,277,544 -15,007 490,849 * -51,067 0 Total deductions 11,428,739 1,089,239 3,315,619 1,177,260 1,743,830 427,924 0 Contributions 498,396 113,220 179,217 125,324 [d] [d] 0 Section 179 deductions 199,637 386,927 846,853 158,897 933,376 200,926 0 Investment interest expense 2,931,078 84,759 * 4,408 38,333 45,149 0 0 Foreign taxes 572,893 86,911 [d] 162,393 [d] [d] 0 Qualified expenditures (section 59(e)) 634,814 * 2,161 [d] 123,142 [d] 0 0 Other deductions 6,591,921 415,260 2,285,064 569,172 652,815 194,371 0 Total income (loss) minus total deductions 56,669,162 7,936,123 43,405,052 4,576,956 13,366,351 3,228,433 0 Income (loss) allocated to partners by type of partner [2]: All partners [d] 7,971,204 43,381,332 4,769,895 13,190,342 2,979,584 0 Corporate general partners 3,518,457 259,847 3,582,029 491,250 324,755 110,524 0 Corporate limited partners 9,870,112 3,367,154 9,564,385 660,456 1,982,618 353,090 0 Individual general partners 1,688,583 680,859 4,443,661 216,406 217,459 227,684 0 Individual limited partners 9,824,155 2,600,544 18,549,938 901,073 4,000,663 2,181,793 0 Partnership general partners 1,562,001 191,754 404,005 938,726 592,650 -16,809 0 Partnership limited partners 23,280,275 553,079 1,824,165 710,886 3,959,963 57,503 0 Tax-exempt organization partners (general and limited) 171,432 51,839 2,602,600 20,869 61,781 * 50,019 0 Nominee and other general partners [d] * 3,377 47,289 * 15,712 [d] [d] 0 Nominee and other limited partners [d] 262,751 2,363,259 814,517 [d] [d] 0



services [3]


(holdingcompanies)

Item



services



Table 5. All Partnerships: Income (or Loss) Allocated to Partners, by Industrial Sector, Tax Year 2015—Continued

*Estimate should be used with caution because of the small number of sample returns on which it is based.[d] In order to avoid disclosure for specific partnerships, these data are not shown. However, they are included in the appropriate totals.[1] The number of partnerships and partners includes the 14,222 partnerships that did not report any income (loss) allocated to partners for 2015.[2] Total income (loss) minus total deductions available for allocation does not equal income (loss) allocated to partners by type of partner because not all partnerships reported their allocations.[3] The Educational and Other services sectors were combined to prevent disclosure due to the small numbers of returns sampled in certain sectors.NOTE: Detail may not add to totals because of rounding.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Nature of business

not allocable

41



(1) (2) (3) (4) (5)Number of LLCs 2,515,073 71,947 10,659 3,944 114,883 Number of partners 10,797,553 221,871 633,883 23,250 325,840 Total assets 10,416,533,389 142,606,788 279,168,980 364,969,623 156,562,538 Total income 3,366,212,724 28,969,249 73,088,624 115,929,941 203,596,512 Total deductions 3,234,580,364 29,885,224 72,814,770 125,300,004 194,417,300 Ordinary business income (loss) 131,632,360 -915,975 273,854 -9,370,063 9,179,212 Portfolio income (loss) distributed directly to partners 268,095,610 1,846,875 3,558,091 1,489,405 1,003,145 Interest income 43,915,657 562,544 279,705 246,484 253,243 Dividend income 38,437,076 436,629 47,456 24,584 40,014 Royalties 9,143,544 261,789 1,048,158 [d] 54,605 Net short-term capital gain (loss) 496,422 -98,675 118,511 [d] -50,962 Net long-term capital gain (loss) 176,102,911 684,587 2,064,261 1,184,913 706,245 Net rental real estate income (loss) 22,616,686 335,249 -61,211 * -227 176,567 Other net rental income (loss) 1,796,697 27,128 146,552 [d] 1,384 Total net income (loss) [1] 247,542,021 707,365 1,734,514 -9,735,191 9,705,025

(6) (7) (8) (9) (10)Number of LLCs 66,279 54,575 101,864 26,310 40,609 Number of partners 413,612 149,500 347,189 95,514 156,637 Total assets 464,524,441 231,674,639 143,200,081 172,716,952 507,899,333 Total income 538,022,218 467,297,593 393,769,616 107,581,513 215,314,721 Total deductions 520,003,438 453,876,286 386,934,610 104,525,239 205,460,290 Ordinary business income (loss) 18,018,780 13,421,308 6,835,005 3,056,274 9,854,431 Portfolio income (loss) distributed directly to partners 8,478,896 1,702,625 515,285 494,848 3,392,975 Interest income 1,072,812 239,985 129,268 127,045 627,740 Dividend income 1,346,852 311,879 87,547 30,566 657,511 Royalties 2,037,554 53,464 5,302 * 1,225 688,631 Net short-term capital gain (loss) -28,967 -10,423 3,526 * 29 390,457 Net long-term capital gain (loss) 4,050,645 1,107,719 289,640 335,983 1,028,636 Net rental real estate income (loss) 28,657 102,278 156,801 76,571 44,145 Other net rental income (loss) 126,139 12,662 32,834 -34,701 501,106 Total net income (loss) [1] 22,630,794 14,141,575 7,246,758 3,256,979 12,373,564

Allindustries


fishing, andhunting

Mining Utilities

Table 6. Domestic Limited Liability Companies (LLC): Selected Items for Industrial Sectors, Tax Year 2015[All figures are estimates based on samples—money amounts are in thousands of dollars]

Footnotes at end of table.

Item

Item Information

Construction

Manufacturing Wholesaletrade

Retailtrade

Transportationand

warehousing

42



(11) (12) (13) (14) (15)Number of LLCs 211,477 1,295,386 172,493 18,530 40,342 Number of partners 1,849,071 4,705,514 531,708 181,106 127,787 Total assets 3,347,831,688 3,472,599,783 150,701,214 434,550,349 64,208,950 Total income 247,343,542 149,032,506 211,109,806 28,615,481 96,507,772 Total deductions 219,050,636 145,068,578 196,261,466 27,802,468 93,117,926 Ordinary business income (loss) 28,292,906 3,963,928 14,848,340 813,013 3,389,846 Portfolio income (loss) distributed directly to partners 162,709,772 35,684,065 6,767,596 34,282,363 558,678 Interest income 29,275,178 5,946,168 709,952 3,558,015 215,305 Dividend income 26,959,701 2,577,695 193,402 5,644,603 17,790 Royalties 1,672,980 1,719,211 729,016 678,012 * 1,229 Net short-term capital gain (loss) -1,172,842 1,121,068 111,745 381,918 -321,822 Net long-term capital gain (loss) 105,974,756 24,319,923 5,023,481 24,019,816 646,175 Net rental real estate income (loss) -1,370,159 23,013,525 -94,823 -80,762 18,264 Other net rental income (loss) -234,105 1,825,216 -101,157 5,813 * 10,315 Total net income (loss) [1] 84,596,501 39,045,743 16,284,730 10,618,694 3,652,749

(16) (17) (18) (19) (20)Number of LLCs 65,294 40,227 103,770 76,483 0 Number of partners 259,513 133,586 449,099 192,875 0 Total assets 146,476,733 94,587,903 214,411,939 27,841,454 0 Total income 222,227,926 62,417,831 170,721,162 34,666,711 0 Total deductions 197,793,952 61,931,070 167,121,084 33,216,022 0 Ordinary business income (loss) 24,433,974 486,761 3,600,078 1,450,689 0 Portfolio income (loss) distributed directly to partners 2,199,966 1,463,670 1,688,031 259,324 0 Interest income 309,725 144,156 200,461 17,872 0 Dividend income 11,692 26,642 19,323 3,190 0 Royalties [d] 178,040 * 11,248 [d] 0 Net short-term capital gain (loss) [d] -4,332 4,232 [d] 0 Net long-term capital gain (loss) 1,847,385 1,119,164 1,452,767 246,814 0 Net rental real estate income (loss) 238,727 -48,855 47,878 34,062 0 Other net rental income (loss) [d] 19,690 * 2,170 [d] 0 Total net income (loss) [1] 25,049,202 806,434 3,881,159 1,545,429 0





services [2]

Nature of business

not allocable

Financeand insurance

Real estate and rental and leasing


technicalservices


(holdingcompanies)



services

* Estimate should be used with caution because of the small number of sample returns on which it is based.[d] In order to avoid disclosure of information for specific partnerships, these data are not shown. However, they are included in the appropriate totals.[1] Total net income (loss) is the sum of ordinary business income (loss), interest income, dividend income, royalties, net rental real estate income (loss) and other net rental income (loss). For more information, see Explanation of Selected Terms for total net income (loss) at end of article text.[2] The Educational and Other services sectors were combined to prevent disclosure due to the small numbers of returns sampled in certain sectors.NOTE: Detail may not add to totals because of rounding.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Table 6. Domestic Limited Liability Companies (LLC): Selected Items for Industrial Sectors, Tax Year 2015—Continued[All figures are estimates based on samples—money amounts are in thousands of dollars]

Item

Item

43




Industrial sector Total receipts Total Businessreceipts

Ordinaryincome from

otherpartnerships

and fiduciaries

Net gain, noncapital

assets

Other income from trade or business [1]

Total Interestincome

(1) (2) (3) (4) (5) (6) (7) (8)

All industries 7,144,498,577 5,295,334,204 4,877,414,510 139,229,298 28,409,855 250,280,540 1,139,749,670 155,005,964 Agriculture, forestry, fishing, and hunting 54,864,942 46,217,895 32,944,055 1,728,670 1,022,710 10,522,461 3,413,463 723,230 Mining 167,730,288 150,640,483 132,046,341 4,019,620 2,350,046 12,224,476 7,678,347 614,107 Utilities 163,942,488 160,043,395 151,352,178 4,548,235 2,508,574 1,634,407 2,143,142 337,245 Construction 309,133,054 304,724,059 296,527,531 1,679,484 1,195,759 5,321,285 1,769,093 480,175 Manufacturing 936,110,900 907,463,543 887,266,738 4,980,055 2,713,059 12,503,690 23,078,700 4,321,801 Wholesale trade 643,331,253 638,996,509 631,587,448 1,856,236 344,238 5,208,587 2,209,770 432,743 Retail trade 553,175,424 550,785,037 535,925,791 1,334,162 567,169 12,957,915 1,113,518 328,351 Transportation and warehousing 231,816,303 226,159,413 212,213,818 3,972,395 3,144,960 6,828,240 1,435,585 487,201 Information 401,439,561 391,297,792 367,222,495 15,363,593 1,090,589 7,621,114 7,582,714 3,001,473 Finance and insurance 1,639,716,637 397,708,899 233,994,532 52,578,023 7,044,391 104,091,953 917,817,135 122,933,485 Real estate and rental and leasing 621,759,247 208,185,025 170,737,752 14,665,708 4,352,286 18,429,279 94,657,171 12,737,003 Professional, scientific, and technical services 497,621,645 483,225,461 467,373,626 5,552,782 645,062 9,653,990 9,738,687 1,056,997 Management of companies (holding companies) 115,198,752 44,549,445 23,357,126 17,367,619 138,611 3,686,089 56,480,421 6,101,737 Administrative and support and waste management and remediation services 131,418,568 128,567,357 116,883,984 834,694 95,673 10,753,007 1,740,769 344,362 Health care and social assistance 309,753,030 301,897,176 282,174,253 3,173,022 243,005 16,306,896 3,989,292 513,836 Arts, entertainment, and recreation 89,351,898 87,140,445 76,325,742 2,956,772 172,455 7,685,475 1,886,914 213,979 Accommodation and food services 233,285,178 223,689,237 216,792,213 2,540,923 679,715 3,676,387 2,378,807 347,327 Educational and Other services [2] 44,849,406 44,043,034 42,688,888 77,305 101,552 1,175,288 636,140 30,914 Nature of business not allocable 0 0 0 0 0 0 0 0Footnotes at end of table.

Table 7. All Partnerships: Total Receipts by Industrial Sector, Tax Year 2015

Income from trade or business Portfolio income

44




Industrial sector Dividendincome Royalties Net short-term

capital gainNet long-term capital gain

(9) (10) (11) (12) (13) (14) (15) (16)

All industries 159,450,074 29,803,275 70,444,928 725,045,430 229,762,991 321,111,873 150,848,414 7,691,425 Agriculture, forestry, fishing, and hunting 642,687 521,685 20,577 1,505,284 3,808,028 693,893 625,872 105,791 Mining 272,007 3,883,761 226,205 2,682,268 3,466,579 5,651,044 107,237 186,597 Utilities 24,931 2,569 *31,629 1,746,769 738,248 930,226 570 86,907 Construction 46,103 61,151 3,726 1,177,938 1,822,412 271,699 541,503 4,288 Manufacturing 4,547,969 8,215,954 37,683 5,955,292 2,802,037 2,234,926 77,094 454,601 Wholesale trade 399,293 67,311 4,720 1,305,704 1,634,804 279,273 148,711 62,186 Retail trade 186,736 8,113 4,084 586,234 813,740 103,959 290,476 68,694 Transportation and warehousing [d] [d] *726 348,118 2,674,293 1,328,127 90,360 128,526 Information 711,363 1,646,426 437,915 1,785,538 1,392,468 355,145 71,307 740,135 Finance and insurance 129,124,829 6,510,427 65,632,633 593,615,760 32,548,243 286,509,816 4,188,976 943,568 Real estate and rental and leasing 10,914,345 5,914,124 2,405,131 62,686,569 163,721,116 7,881,815 142,772,307 4,541,813 Professional, scientific, and technical services 567,369 1,303,071 512,172 6,299,077 3,283,837 1,141,832 166,111 65,718 Management of companies (holding companies) 11,025,584 1,194,404 1,010,750 37,147,946 1,454,123 11,711,019 881,640 122,104 Administrative and support and waste management and remediation services 33,762 125,480 *8,536 1,228,630 625,809 448,302 25,415 10,916 Health care and social assistance [d] [d] *91,435 3,367,171 2,296,899 1,024,028 451,450 94,185 Arts, entertainment, and recreation 79,226 233,930 6,097 1,353,683 185,391 44,998 66,410 27,741 Accommodation and food services 114,089 71,112 *10,909 1,835,370 6,420,165 497,132 293,691 *6,146 Educational and Other services [2] 185,861 1,285 0 418,080 74,800 *4,638 49,285 *41,509 Nature of business not allocable 0 0 0 0 0 0 0 0

Table 7. All Partnerships: Total Receipts by Industrial Sector, Tax Year 2015—Continued

* Estimate should be used with caution because of the small number of sample returns on which it is based.[d] In order to avoid disclosure of information for specific partnerships, these data are not shown. However, they are included in the appropriate totals.[1] Farm net profit was combined with other income to prevent disclosure due to the small numbers of returns sampled in certain sectors.[2] The Educational and Other services sectors were combined to prevent disclosure due to the small numbers of returns sampled in certain sectors.NOTE: Detail may not add to totals because of rounding. For more information on "Total receipts," see Explanation of Selected Terms at the end of the article text.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Other rental net income

Net section 1231 gain

(loss)

Otherincome

Rental real estate net

income

Portfolio income

45



Total Total Totalnet income net income net income

(loss) (loss) (loss)

(1) (2) (3) (4) (5) (6) (7) (8) (9)

2014All industries 574,181 2,464,161 89,724,881 414,338 12,250,817 270,014,935 2,432,303 10,202,627 277,939,910 Agriculture, forestry, fishing, and hunting 51,368 133,348 4,444,494 13,453 59,866 651,086 72,077 238,319 2,713,329

Mining 10,777 342,390 4,296,767 7,426 1,544,180 19,865,871 12,051 634,903 25,127,447

Utilities 77 486 562,262 534 146,352 -395,127 4,377 16,537 -5,031,692

Construction 18,985 41,631 1,949,977 7,536 24,330 2,455,019 109,611 332,358 8,107,580

Manufacturing 14,332 45,252 9,360,737 5,839 469,935 23,894,753 44,640 308,415 23,243,761

Wholesale trade 9,519 339,220 1,549,762 6,650 283,995 3,663,027 61,772 181,996 12,647,642

Retail trade 51,719 118,217 1,278,453 4,931 208,801 3,270,628 103,781 315,263 6,721,401

Transportation and warehousing 7,163 16,007 1,186,066 3,269 2,917,797 5,013,808 35,057 115,338 -2,763,457

Information 7,638 20,875 25,151,913 1,134 5,915 15,778,518 33,231 146,461 14,174,708

Finance and insurance 39,408 250,148 14,846,507 85,776 3,101,827 138,088,766 178,777 1,658,253 92,996,946 y investments and related activities 29,714 206,232 8,196,997 67,483 2,729,805 120,095,549 131,953 1,310,692 75,812,437

Securities and commodity contracts and exchanges 3,554 7,190 -819,997 1,071 344,172 2,580,691 5,600 23,163 7,867,086

Other financial investment activities 26,160 199,042 9,016,994 66,412 2,385,633 117,514,858 126,352 1,287,529 67,945,351

Funds, trusts, and other financial vehicles 4,945 29,131 5,875,790 13,675 337,818 15,719,332 21,831 227,309 7,793,980

Other finance and insurance 4,749 14,785 773,720 4,618 34,204 2,273,885 24,994 120,251 9,390,529

Real estate and rental and leasing 239,045 851,746 13,481,111 234,792 1,894,284 37,984,786 1,269,183 4,534,967 38,095,073

Real estate 229,859 827,494 12,282,400 232,308 1,844,750 29,382,019 1,249,047 4,439,736 35,157,544 Lessors of residential buildings and dwellings and cooperative housing 77,280 249,287 2,750,915 95,301 795,059 -5,692,525 406,282 1,350,487 -2,700,958 Lessors of nonresidential buildings (except miniwarehouses) 94,484 328,898 7,505,506 82,874 579,136 26,852,233 527,065 1,886,331 26,536,724

Lessors of miniwarehouses and self-storage units * 3,338 * 6,735 * 251,688 1,307 18,146 1,277,461 13,622 43,133 1,734,188

Lessors of other real estate property 29,285 137,119 1,352,604 13,453 83,235 1,754,144 59,801 216,977 2,911,292

Other real estate activities 25,472 105,455 421,686 39,373 369,174 5,190,706 242,277 942,807 6,676,299 g intangible assets (except copyrighted works) 9,187 24,252 1,198,711 2,485 49,533 8,602,767 20,136 95,232 2,937,529

Professional, scientific, and technical services 26,925 61,776 4,702,405 13,210 66,483 4,365,148 146,315 482,691 19,501,404

Management of companies (holding companies) 3,720 11,130 999,281 7,008 1,078,900 6,743,038 18,437 109,731 13,279,654 Administrative and support and waste management and remediation services 19,724 40,789 816,362 3,192 12,816 1,399,265 41,307 107,917 4,440,121

Health care and social assistance 9,926 33,900 3,566,541 3,319 50,003 3,478,250 65,526 257,485 21,796,924

Arts, entertainment, and recreation 12,518 44,060 498,035 3,734 238,134 1,455,551 54,263 173,657 719,105

Accommodation and food services 23,037 54,056 714,687 7,450 56,590 1,710,620 105,732 399,606 1,543,247

Educational and Other services [1] 28,301 59,130 319,520 5,086 90,607 591,925 76,167 188,731 626,716

Nature of business not allocable 0 0 0 0 0 0 0 0 0 Footnotes at end of table.

Table 8. Domestic General Partnerships, Limited Partnerships, and Limited Liability Companies: Selected Items, by Selected Industrial Group, Tax Years 2014–2015

Domestic general partnerships Domestic limited partnerships Domestic limited liability companies

Tax year, industrial group


Numberof

partnerships

Numberof partners

Numberof

partnerships

Numberof partners

Number of limited liability

companies

Numberof partners

46



Total Total Totalnet income net income net income

(loss) (loss) (loss)

(1) (2) (3) (4) (5) (6) (7) (8) (9)

2015All industries 582,338 2,075,203 90,821,808 406,996 11,939,490 244,012,235 2,515,073 10,797,553 247,542,021 Agriculture, forestry, fishing, and hunting 43,433 115,339 2,958,562 11,142 46,018 926,798 71,947 221,871 707,365

Mining 11,532 346,454 -1,450,625 10,876 1,022,239 8,836,350 10,659 633,883 1,734,514

Utilities 116 846 218,345 359 118,341 1,736,567 3,944 23,250 -9,735,191

Construction 30,558 70,211 1,759,615 8,243 22,910 3,076,474 114,883 325,840 9,705,025

Manufacturing 18,536 54,978 12,711,833 2,122 601,017 20,717,569 66,279 413,612 22,630,794

Wholesale trade 11,194 29,129 957,469 3,079 589,784 2,740,288 54,575 149,500 14,141,575

Retail trade 54,693 123,410 1,452,569 6,493 230,147 2,568,000 101,864 347,189 7,246,758

Transportation and warehousing 7,964 17,900 1,092,119 2,901 2,766,299 2,255,685 26,310 95,514 3,256,979

Information 13,284 34,992 28,417,320 1,140 5,179 17,452,329 40,609 156,637 12,373,564

Finance and insurance 34,557 225,358 16,604,905 83,824 2,808,975 119,512,395 211,477 1,849,071 84,596,501 , y , investments and related activities 30,000 191,983 8,299,065 69,580 2,612,544 105,633,951 150,518 1,511,035 67,217,778

Securities and commodity contracts and exchanges * 28 * 62 * -747,968 1,851 457,832 2,927,578 5,178 20,284 2,517,573

Other financial investment activities 29,972 191,921 9,047,034 67,729 2,154,712 102,706,373 145,340 1,490,750 64,700,205

Funds, trusts, and other financial vehicles 2,766 23,585 7,429,897 11,959 161,210 12,220,582 32,280 175,638 7,412,096

Other finance and insurance 1,791 9,790 875,942 2,285 35,220 1,657,862 28,680 162,398 9,966,627

Real estate and rental and leasing 229,776 743,858 12,148,787 240,719 2,016,873 45,932,341 1,295,386 4,705,514 39,045,743

Real estate 215,282 704,814 12,066,385 238,709 1,992,326 38,180,722 1,278,044 4,638,249 38,426,903 Lessors of residential buildings and dwellings and cooperative housing 63,653 179,226 2,875,498 96,916 769,666 -3,292,939 435,521 1,560,602 -4,275,694 Lessors of nonresidential buildings (except miniwarehouses) 86,969 262,685 7,100,451 83,043 584,471 30,981,717 511,500 1,817,392 31,778,150

Lessors of miniwarehouses and self-storage units * 1,093 * 2,389 * 181,683 2,366 26,006 1,560,714 13,511 37,889 1,512,353

Lessors of other real estate property 22,500 143,487 1,354,853 14,219 89,628 1,783,656 70,942 249,511 2,203,272

Other real estate activities 41,067 117,027 553,900 42,165 522,555 7,147,574 246,569 972,855 7,208,822 Rental and leasing services and lessors of nonfinancial intangible assets (except copyrighted works) 14,494 39,044 82,403 2,011 24,547 7,751,619 17,342 67,265 618,840

Professional, scientific, and technical services 33,313 76,872 5,283,483 5,473 55,683 4,067,929 172,493 531,708 16,284,730

Management of companies (holding companies) 247 1,440 1,860,092 11,811 1,190,232 4,365,969 18,530 181,106 10,618,694 Administrative and support and waste management and remediation services 10,020 21,936 554,609 2,042 5,532 1,490,223 40,342 127,787 3,652,749

Health care and social assistance 13,295 44,573 4,615,128 4,711 58,007 4,371,591 65,294 259,513 25,049,202

Arts, entertainment, and recreation 19,699 59,136 399,962 2,155 239,650 2,103,180 40,227 133,586 806,434

Accommodation and food services 27,110 61,675 965,089 7,960 57,628 1,650,986 103,770 449,099 3,881,159

Educational and Other services [1] 23,011 47,095 272,544 1,947 104,978 207,560 76,483 192,875 1,545,429

Nature of business not allocable 0 0 0 0 0 0 0 0 0

Table 8. Domestic General Partnerships, Limited Partnerships, and Limited Liability Companies: Selected Items, by Selected Industrial Group, Tax Years 2014–2015[All figures are estimates based on samples—money amounts are in thousands of dollars]

Domestic general partnerships Domestic limited partnerships Domestic limited liability companies

Number of limited liability

companies

Numberof partners

* Estimate should be used with caution because of the small number of sample returns on which it is based.[1] The Educational and Other services sectors were combined to prevent disclosure due to the small numbers of returns sampled in certain sectors.NOTES: Detail may not add to totals because of rounding. The sum of the number of partnerships for all three categories does not sum to the total number of partnerships in other figures because companies classified as limited liability partnerships (LLPs), foreign partnerships, “other” or “nonresponse” were not included in this table due to the small number of returns. SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Tax year, industrial group Numberof

partnerships

Numberof partners

Numberof

partnerships

Numberof partners

47



(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)

2006 2,947 465 253 264 169 793 837 67 42 4 3 30 20

2007 3,096 450 244 252 174 873 946 60 50 6 2 17 23

2008 3,146 413 257 241 171 869 1,029 68 54 7 4 11 22

2009 3,169 390 234 221 176 912 1,057 60 58 7 5 18 30

2010 3,248 339 251 209 166 980 1,110 82 60 8 5 16 22 2011 3,285 341 245 235 159 1,045 1,066 87 61 7 7 10 22

2012 3,389 350 233 253 154 1,162 1,050 85 44 7 9 12 31

2013 3,461 366 197 263 153 1,199 1,087 80 54 12 3 25 23

2014 3,613 351 224 247 167 1,307 1,126 81 59 10 7 23 11

2015 3,715 387 195 256 151 1,395 1,120 81 56 12 19 21 22

Domestic limited liability companies

Domesticlimited liability partnerships

Netincome

Loss Netincome

Loss Netincome

[1] Other partnerships are those which checked the "other" box, Form 1065, Schedule B, line 1, Type of Entity, or did not check a box.NOTES: Detail may not add to totals because of rounding. Domestic limited liability companies, domestic limited liability partnerships, and foreign partnerships are discussed in the Explanation of Selected Terms section. Net income or loss refers to "total net income or loss." Breakeven returns are included in the "loss" columns.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Table 9a. Numbers of Partnerships, by Type of Entity and Profit Status, Tax Years 2006–2015[Numbers of partnerships is in thousands]

Netincome

Loss Netincome

Loss

Foreignpartnerships

Other [1]

Loss Netincome

Loss

Taxyear

Total number of

partnerships

Domestic general partnerships

Domestic limited partnerships

[Money amounts are in billions of dollars]

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)

2006 666.7 105.6 17.7 272.3 50.7 331.7 126.4 59.2 4.4 59.8 2.7 42.5 2.4

2007 683.4 118.0 21.0 278.8 68.1 383.4 191.3 63.8 4.9 80.0 4.0 51.9 3.2

2008 458.2 105.8 25.3 276.8 98.5 359.9 305.2 64.5 8.0 80.6 25.6 41.7 8.5

2009 409.9 89.5 27.4 238.4 99.1 323.3 234.4 58.8 4.8 60.1 16.6 25.9 3.7

2010 593.7 94.4 18.7 272.5 77.9 359.3 201.8 65.2 5.2 87.2 3.8 25.8 3.2 2011 580.9 94.5 21.2 274.3 85.9 360.3 210.7 66.0 5.6 91.8 5.3 26.2 3.5

2012 777.9 113.0 17.7 326.6 66.7 436.3 193.9 74.3 3.6 89.9 4.3 27.9 4.0

2013 768.8 106.8 18.3 318.5 69.6 452.5 210.6 72.6 4.1 103.2 4.3 25.9 3.9

2014 837.4 108.1 18.4 344.7 74.7 490.5 212.6 78.1 5.0 103.0 4.2 31.7 3.8

2015 780.5 108.0 17.1 323.8 79.8 492.5 245.0 83.0 4.8 102.4 5.8 27.8 4.5

Domesticlimited liabilitypartnerships

Netincome

Loss Netincome

Loss Netincome

Table 9b. Partnership Total Net Income or Loss, by Type of Entity and Profit Status, Tax Years 2006–2015


Netincome

Loss Netincome

Loss

Foreignpartnerships

Other [1]

Loss Netincome

Loss

Taxyear

Total net income(loss)




(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)

2006 16,728 1,723 943 5,054 1,685 3,157 3,205 350 138 110 71 231 61

2007 18,516 1,674 866 5,881 1,636 3,643 3,442 316 172 163 133 530 60

2008 19,300 1,706 917 4,997 2,058 3,671 3,853 333 205 392 145 854 169

2009 21,142 1,509 717 4,651 3,363 4,110 4,126 302 179 309 139 1,646 92

2010 22,428 1,400 775 5,730 3,132 4,394 4,008 357 185 292 327 1,749 80

2011 24,390 1,198 693 5,668 4,394 4,725 3,978 375 214 392 448 2,204 101

2012 25,334 1,500 686 6,804 3,949 5,283 3,955 383 138 440 112 1,952 129

2013 27,491 1,388 677 7,737 4,697 5,455 4,272 492 158 611 140 1,780 83

2014 27,714 1,631 833 8,301 3,949 5,942 4,261 478 186 565 133 1,382 54

2015 27,093 1,559 516 6,942 4,998 6,227 4,571 500 168 490 114 900 109


Domesticlimited liability partnerships

Netincome

Loss Netincome

Loss Netincome


Table 9c. Numbers of Partners, by Type of Entity and Profit Status, Tax Years 2006–2015[Numbers of partners is in thousands]

Netincome

Loss Netincome

Loss

Foreignpartnerships

Other [1]

Loss Netincome

Loss

Taxyear

Totalnumber of partners



48



(1) (2) (3) (4) (5) (6) (7) (8) (9)

All industries 3,611,255 3,715,187 2.9 27,714,478 27,093,015 -2.2 26,128,933,308 27,366,266,830 4.7 Agriculture, forestry, fishing, and hunting 143,516 136,376 -5.0 456,700 432,747 -5.2 219,475,999 226,482,789 3.2

Mining 31,489 34,900 10.8 2,526,857 2,008,209 -20.5 638,581,018 543,098,584 -15.0

Utilities 5,046 4,431 -12.2 163,591 142,481 -12.9 399,251,342 422,412,381 5.8

Construction 142,632 163,067 14.3 412,324 438,932 6.5 215,363,433 226,150,469 5.0

Manufacturing 66,775 88,670 32.8 836,615 1,080,296 29.1 836,920,696 838,556,408 0.2

Wholesale trade 82,392 72,188 -12.4 815,366 776,030 -4.8 280,042,388 328,457,345 17.3

Retail trade 168,627 173,225 2.7 660,347 724,049 9.6 211,985,157 220,825,048 4.2

Transportation and warehousing 46,650 40,294 -13.6 3,119,120 2,947,681 -5.5 571,533,101 697,714,613 22.1

Information 42,168 57,547 36.5 173,729 205,197 18.1 763,710,792 844,035,002 10.5

Finance and insurance 334,546 358,416 7.1 6,634,114 6,189,038 -6.7 14,736,566,412 15,048,366,024 2.1

Securities, commodity contracts, and other financial investments and related activities 254,206 274,604 8.0 5,163,383 5,555,048 7.6 12,779,713,135 13,021,707,705 1.9

Securities and commodity contracts and exchanges 10,369 7,206 -30.5 375,341 478,907 27.6 565,512,863 503,096,492 -11.0

Other financial investment activities 243,837 267,398 9.7 4,788,042 5,076,141 6.0 12,214,200,272 12,518,611,213 2.5

Funds, trusts and other financial vehicles 44,434 49,526 11.5 1,275,532 421,816 -66.9 1,707,194,007 1,735,308,242 1.6

Other finance and insurance 35,905 34,285 -4.5 195,199 212,175 8.7 249,659,270 291,350,077 16.7

Real estate and rental and leasing 1,816,889 1,846,071 1.6 7,887,184 7,914,900 0.4 5,636,547,190 6,135,352,807 8.8

Real estate 1,781,949 1,811,793 1.7 7,577,856 7,782,932 2.7 5,481,666,674 5,950,049,174 8.5

Lessors of residential buildings and dwellings and cooperative housing 605,322 635,165 4.9 2,548,073 2,765,271 8.5 1,468,265,830 1,647,995,944 12.2

Lessors of nonresidential buildings (except miniwarehouses) 726,353 707,032 -2.7 2,890,074 2,759,951 -4.5 2,654,212,318 2,898,408,013 9.2

Lessors of miniwarehouses and self-storage units 18,525 17,422 -6.0 69,206 71,821 3.8 50,270,520 59,469,217 18.3

Lessors of other real estate property 108,373 110,412 1.9 485,239 495,761 2.2 188,085,160 208,050,338 10.6

Other real estate activities 323,377 341,761 5.7 1,585,263 1,690,129 6.6 1,120,832,846 1,136,125,662 1.4

Rental and leasing services and lessors of nonfinancial intangible assets (except copyrighted works) 34,940 34,278 -1.9 309,329 131,968 -57.3 154,880,516 185,303,633 19.6

Professional, scientific, and technical services 219,798 248,370 13.0 810,461 880,726 8.7 254,070,855 273,397,909 7.6

Management of companies (holding companies) 32,717 33,014 0.9 1,336,133 1,431,107 7.1 700,293,151 840,509,022 20.0

Administrative and support and waste management and remediation services 66,433 54,235 -18.4 167,211 159,734 -4.5 91,123,882 95,777,282 5.1

Health care and social assistance 85,027 85,678 0.8 374,499 376,225 0.5 162,530,713 189,491,917 16.6

Arts, entertainment, and recreation 73,874 62,678 -15.2 473,766 436,339 -7.9 127,770,151 131,174,952 2.7

Accommodation and food services 138,213 146,562 6.0 516,694 587,421 13.7 252,088,086 267,837,677 6.2

Educational and Other services 114,461 109,464 -4.4 349,764 361,902 3.5 31,078,941 36,626,602 17.9

Nature of business not allocable 0 0 0.0 0 0 0.0 0 0 0.0

2015

Number of partnershipsPercentage

change

Number of partnersPercentage

change

Total assets

2014 2015 2014 2015 2014

Footnotes at end of table.

Industrial group

Table 10. Partnerships, Partners, Total Assets, Total Receipts, and Total Net Income (Loss) by Selected Industries, Tax Years 2014–2015[All figures are estimates based on samples—money amounts are in thousands of dollars]

Percentagechange

49




(10) (11) (12) (13) (14) (15)

All industries 7,471,787,683 7,144,498,577 -4.4 837,442,914 780,504,367 -6.8 Agriculture, forestry, fishing, and hunting 56,023,355 54,864,942 -2.1 8,450,642 5,053,783 -40.2

Mining 262,167,295 167,730,288 -36.0 64,902,434 13,937,296 -78.5

Utilities 212,198,871 163,942,488 -22.7 -4,860,377 -7,741,801 -59.3

Construction 276,432,415 309,133,054 11.8 12,891,102 15,678,082 21.6

Manufacturing 1,184,857,683 936,110,900 -21.0 61,658,700 65,193,558 5.7

Wholesale trade 678,494,044 643,331,253 -5.2 18,408,265 18,309,102 -0.5

Retail trade 573,611,529 553,175,424 -3.6 11,818,851 11,531,687 -2.4

Transportation and warehousing 256,356,891 231,816,303 -9.6 4,604,048 8,151,197 77.0

Information 370,335,092 401,439,561 8.4 55,468,912 58,682,579 5.8

Finance and insurance 1,748,443,545 1,639,716,637 -6.2 346,358,782 319,080,255 -7.9

Securities, commodity contracts, and other financial investments and related activities 1,508,873,954 1,406,217,426 -6.8 287,001,193 264,549,790 -7.8

Securities and commodity contracts and exchanges 123,868,857 110,294,522 -11.0 10,121,370 5,951,111 -41.2

Other financial investment activities 1,385,005,098 1,295,922,904 -6.4 276,879,823 258,598,678 -6.6

Funds, trusts and other financial vehicles 170,085,118 153,680,229 -9.6 45,581,298 40,465,860 -11.2

Other finance and insurance 69,484,473 79,818,981 14.9 13,776,291 14,064,606 2.1

Real estate and rental and leasing 538,776,944 621,759,247 15.4 91,411,797 100,018,419 9.4

Real estate 486,662,872 566,362,588 16.4 78,297,270 90,883,197 16.1

Lessors of residential buildings and dwellings and cooperative housing 72,570,590 102,616,140 41.4 -5,702,477 -5,092,814 10.7

Lessors of nonresidential buildings (except miniwarehouses) 179,106,411 207,194,868 15.7 62,069,640 72,448,069 16.7

Lessors of miniwarehouses and self-storage units 6,096,308 9,443,032 54.9 3,306,420 3,266,455 -1.2

Lessors of other real estate property 22,892,240 17,759,494 -22.4 6,254,746 5,475,900 -12.5

Other real estate activities 205,997,324 229,349,054 11.3 12,368,940 14,785,587 19.5

Rental and leasing services and lessors of nonfinancial intangible assets (except copyrighted works) 52,114,072 55,396,660 6.3 13,114,527 9,135,223 -30.3

Professional, scientific, and technical services 483,306,791 497,621,645 3.0 93,960,525 94,491,729 0.6

Management of companies (holding companies) 96,130,896 115,198,752 19.8 23,200,963 21,282,868 -8.3

Administrative and support and waste management and remediation services 125,040,281 131,418,568 5.1 7,204,283 5,973,855 -17.1

Health care and social assistance 274,528,413 309,753,030 12.8 33,594,914 38,060,742 13.3

Arts, entertainment, and recreation 83,135,946 89,351,898 7.5 2,795,853 3,667,475 31.2

Accommodation and food services 210,638,254 233,285,178 10.8 4,007,110 6,770,760 69.0

Educational and Other services 41,309,440 44,849,406 8.6 1,566,111 2,362,782 50.9

Nature of business not allocable 0 0 0.0 0 0 0.0 NOTE: Detail may not add to totals because of rounding.SOURCE: IRS, Statistics of Income Division, Partnerships, August 2017.

Industrial group

Table 10. Partnerships, Partners, Total Assets, Total Receipts, and Total Net Income (Loss) by Selected Industries, Tax Years 2014–2015—Continued

2014 2015 2014 2015

Total receiptsPercentage

change

Total net income (loss)Percentage

change

50



Publication 1136 (Rev. 5-2018) Catalogue Number 46996F Department of the Treasury Internal Revenue Service www.irs.gov

Documents

Volume 37 Number 4 - Internal Revenue Service · 2018-05-26 · 3 Spring 201 Individual Income Tax Returns, Preliminary Data, 2016 Statistics of Income ulletin $67,565 (0.3 percent),