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Returning Member
posted Feb 20, 2021 10:55:56 AM

create forms

Is there a TT product that will create a form 1065, schedule K-1, and associated wisconsin form 3 for partnership return?

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1 Replies
Expert Alumni
Feb 20, 2021 11:15:55 AM

TurboTax Business will create the 1065, Schedule K-1a and required Wisconsin forms for your partnership.  You can get more information at TurboTax® Business CD/Download 2020-2021 Desktop Software .

 

Form 1065- Partnerships file an information return to report their income, gains, losses, deductions, credits, etc.  A partnership does not pay tax on its income but “passes through” any profits or losses to its partners. Partners must include partnership items on their tax or information returns.