It depends on whether informational returns, like W-2s or 1099s, were filed under the Employer Identification Number (EIN) linked to the return. If your partnership or entity issued such forms to employees or subcontractors, you would select "Yes." However, if no such forms were filed, you would select "No."
For example, if your partnership only issued K-1 forms to partners and did not file W-2s or 1099s, the answer would typically be "No." Here are examples of information returns you may have filed.
- Form W-2: If you have employees, you'll need to file W-2 forms to report wages, tips, and other compensation paid to them.
- Form 1099: If you made payments to independent contractors, freelancers, or other non-employees, you may need to file 1099 forms (e.g., 1099-NEC for non-employee compensation or 1099-MISC for miscellaneous income).
- Schedule K-1 (Form 1065): Partnerships must provide Schedule K-1 to each partner, detailing their share of the partnership's income, deductions, and credits.
- Form 1042-S: If you made payments to foreign persons, such as interest, dividends, or other income, you may need to file this form.
- State-Specific Forms: For Connecticut, you might need to file forms like Schedule CT K-1 to report members' shares of Connecticut-specific items.
- Form 941. Reporting a Employer's Federal Quarterly Tax Return if you have employees.
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