Business & farm

You file a partnership return, form 1065.  The partnership does not pay any tax. Instead the partnership issues a schedule K-1 to each of the partners, reporting his/her share of the profit or loss. You then each report your share on your individual tax return.
See <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4116728-schedule-k1-form-1065">https://ttlc.intuit.com/questions/4...>