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I'm filling out form 1065 for my partnership. Where do I put advertising and telephone expenses? Also, where do I put taxes on employees and personal property?

The partnership is equally owned.
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3 Replies

I'm filling out form 1065 for my partnership. Where do I put advertising and telephone expenses? Also, where do I put taxes on employees and personal property?

Are you using TurboTax Business? If so, there are lines in Step-by-Step for advertising and telephone expenses (those expenses wind up on Line 20 of Form 1065 as "Other expenses").

 

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I'm filling out form 1065 for my partnership. Where do I put advertising and telephone expenses? Also, where do I put taxes on employees and personal property?

if you are preparing the calendar year 2020 partnership return, I suggest you consult a tax pro for many reasons. the return was due in March, if unextended, and even if extended is now late. late filing penalties with 2 partners is about $400 per month late with the maximum penalty of about $5,000.  if you don't understand where to enter other deductions and taxes, then you raise the questions of what else you could be doing incorrectly especially if this is a first-year filing. go wrong the first year and the issues can stick around forever.

 

I'm filling out form 1065 for my partnership. Where do I put advertising and telephone expenses? Also, where do I put taxes on employees and personal property?

@Mike9241's suggestion is cogent. See a tax professional if the return is late since you want to mitigate any penalties for filing a late return.

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