FICTITIOUS DOCUMENT — FORGE DEMO ONLY · specimen data built for a product demonstration · no real family, firm, fund, bank, or person is depicted
Schedule K-1
(Form 1065)
Department of the Treasury — Internal Revenue Service
Partner's Share of Income,
Deductions, Credits, etc.
▶ See separate instructions.
For calendar year
2025
OMB No. 1545-0123
Final K-1     Amended K-1     (This is an original K-1.)
Part I   Information About the Partnership
A Partnership's employer identification number 93-41•••••
B Partnership's name, address, city, state, ZIP Cormorant IV Fund LP
[REDACTED — SPECIMEN]
Wilmington, DE
C IRS center where partnership filed return e-file
D Check if this is a publicly traded partnership (PTP) (not a PTP)
Entity / activity Private equity buyout fund — Delaware limited partnership
Part II   Information About the Partner
E Partner's identifying number 45-61•••••
F Partner's name, address, city, state, ZIP Ellencourt 2012 Descendants Trust
[REDACTED — SPECIMEN]
G Partner type General partner   Limited partner
H1 Domestic / foreign partner Domestic   Foreign
I1 What type of entity is this partner? Trust (irrevocable GST dynasty trust)
J Partner's share of profit / loss / capital (ending) Profit 4.2000%   Loss 4.2000%   Capital 3.8000%
L Partner's capital account analysis Beginning $18,400,000 · Current yr net income $2,700,000 · Withdrawals ($1,200,000) · Ending $19,900,000
Part III   Partner's Share of Current Year Income, Deductions, Credits, and Other Items
1
Ordinary business income (loss)
1,850,000
2
Net rental real estate income (loss)
—
5
Interest income
210,000
6a
Ordinary dividends
640,000
6b
Qualified dividends
540,000
9a
Net long-term capital gain (loss)
1,120,000
19
Distributions (code A)
1,200,000
20
Other information — code A (investment income)
210,000

Supplemental Information — Multistate Apportionment (Line 1 ordinary business income)

The partnership operates in multiple states. The partner's distributive share of ordinary business income reported in Box 1 ($1,850,000) is apportioned among the states below. Amounts are the partner's state-source ordinary income and should be used in preparing the applicable nonresident state returns.
StateApportionment %State-source ordinary income
Delaware (DE)55.0000%1,017,500
New York (NY)30.0000%555,000
California (CA)15.0000%277,500
Total100.0000%1,850,000
Nonresident withholding, composite-return elections, and any state-specific modifications are handled at the entity level. Bank / remittance details for state estimates: [REDACTED — SPECIMEN].
FICTITIOUS DOCUMENT — FORGE DEMO ONLY · Specimen K-1, not a filing · EIN digits masked · no real entity or security