Get your taxes done using TurboTax

i don't recommend doing a 1065 manually. to efile you would need desktop Turbotax Business -- only installs on full windows computer.   https://turbotax.intuit.com/small-business-taxes/ 

actually, I highly recommend the use of a pro the first year unless you are knowledgeable in partnership taxation. there are some tax traps such as start-up expenses, sufficient basis for them to take the lossss. there could be other issues as well.

 

the return is already late. it was due 3/15

 

the losses will transfer to their 1040 return and be deductible to the extent of their basis in the partnership.  excess losses can only be carried forward.