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I have a partnership with three folks--wife and daughter. I thought I only needed a 1065. We had no income; just losses. Am I required to provide W2's and 1099's?
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June 3, 2019
1:13 PM
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Business & farm
Partners are not employees and should not be issued a Form W-2. The partnership must furnish copies of Schedule K-1 (Form 1065) to the partners by the date Form 1065 is required to be filed, including extensions.
https://www.irs.gov/businesses/small-businesses-self-employed/partnerships
June 3, 2019
1:13 PM