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What is Form 1065, U.S. Return of Partnership Income?

by TurboTax1391 Updated 4 months ago

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

If you are a partner in a partnership, the information you need to prepare your individual tax return is on the Schedule K-1, not on Form 1065.

Form 1065 is due March 15, 2025 (or September 16 with an extension) for 2024 tax returns.

You can file Form 1065 using TurboTax Business.