Do I need to file schedule C for losses on form 1065?

dkc-judson · ‎February 27, 2025

Can I report losses on schedule C for my LLC business?

AmyC

1. You do not file sch C for losses on 1065. Your partnership will generate a k-1 that goes on your personal return to report the losses.

2. An LLC is a legal entity not a tax entity. If you have 2 or more people, it is a partnership and you file form 1065. A sch C is used:

when you are the sole proprietor and have not elected to be treated as another tax entity OR
if you happen to live in a community property state and run the business with your spouse - then you can file a Sch C for each person splitting income and expenses in half.

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