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FAQ

Where do I file US Return of partnership income?
Form 1065 - Where to File U.S. Return of Partnership Income and Extensions
What is a US Return of partnership income?
Form 1065. U.S. Return of Partnership Income is a tax document issued by the Internal Revenue Service (IRS) used to declare the profits, losses, deductions, and credits of a business partnership. 1\ufeff In addition to Form 1065, partnerships must also submit Schedule K-1, a document prepared for each partner.
How do you report partnership income?
Reporting Partnership Income\n\n Each partner reports their share of the partnership's income or loss on their personal tax return. Partners are not employees and shouldn't be issued a Form W-2. The partnership must furnish copies of Schedule K-1 (Form 1065) to the partner.
What is a 1056 tax form?
The partnership files a copy of Schedule K-1 (Form 1065) with the IRS to report your share of the partnership's income, deductions, credits, etc.
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