You'll need to sign in or create an account to connect with an expert.
You must file the 1065 ASAP since it is now late and the penalties are piling up AND then you all will get a K-1 to report on your personal returns so if you have already filed you will need to amend.
Since this is your first year in a partnership and are not informed on your responsibilities I HIGHLY recommend you seek local professional assistance since there will also be state implications to deal with ... once you get educated you could try filing the 1065 yourself in the future.
You must file the 1065 ASAP since it is now late and the penalties are piling up AND then you all will get a K-1 to report on your personal returns so if you have already filed you will need to amend.
Since this is your first year in a partnership and are not informed on your responsibilities I HIGHLY recommend you seek local professional assistance since there will also be state implications to deal with ... once you get educated you could try filing the 1065 yourself in the future.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
morosales21
New Member
bjunior1369
Level 1
jcoltrane
New Member
martykilroy-gmai
New Member
50f0cbe1c633
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.