I am a small business partner and I need a form 1065 and K1 form .... can I do this myself?

[HelenaC · Accepted solution]

Yes, you can. 

To file a return for a partnership/multi-member LLC (Form 1065), you'll need TurboTax Business.

Form 1065 is an information return used to report the income, gains, losses, deductions, credits, etc., from the operation of a partnership. A partnership does not pay tax on its income but “passes through” any profits or losses to its partners on a Schedule K-1.

Due Dates for Form 1065 are: March 15, 2019 (September 16, 2019 with extension) for 2018 tax returns.

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. K-1s can be complicated forms with lots of lines, but TurboTax asks about the data you need to enter.

For instructions on entering your Schedule K-1 for your individual tax return, see Related Information below.

Related Information:

• Where do I enter a K-1 that I received?