What is Form 1065, U.S. Return of Partnership Income?
by TurboTax•540• Updated 5 months ago
Form 1065 is an information return used to report the income, gains, losses, deductions, credits, etc., from the operation of a partnership. A partnership doesn't pay tax on its income but "passes through" any profits or losses to its partners on a Schedule K-1.
If you are a partner in a partnership, the information you need to prepare your individual tax return is on the Schedule K-1 you received from the partnership, not on Form 1065. A K-1 can be a complicated form, but TurboTax asks about the data you need to enter.
Due dates for Form 1065 are March 15, 2024 (September 16, 2024, with extension) for 2023 tax returns.
You can file Form 1065 using TurboTax Business.
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