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Who Must File
Domestic Partnerships
Except as provided below, every domestic partnership must file Form 1065, unless it neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes.
Yes I understand that a 1065 needs to be filed in my situation. Let me clarify my question: Do small deductions have to be used?
The IRS does not require that you take every deduction that you are entitled to. However, all deductions expire at the end of the year in which they occur.
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