TurboTax FAQ
TurboTax FAQ
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Form 1065, U.S. Return of Partnership Income

Form 1065 is an information return used to report the income, gains, losses, deductions, credits, etc., from the operation of a partnership. A partnership does not pay tax on its income but “passes through” any profits or losses to its partners on a Schedule K-1.

Due Dates for Form 1065 are: March 15, 2018 (September 15 with extension) for 2017 tax returns.

If you are a partner in a partnership, the information you need to prepare your individual tax return is on the Schedule K-1 you received from the partnership, not on Form 1065. K-1s can be complicated forms with lots of lines, but TurboTax asks about the data you need to enter.

For instructions on entering your Schedule K-1 for your individual tax return, see Related Information below.