Publication 541, Partnerships
This publication provides supplemental federal income tax information for partnerships and partners. It supplements the information provided in the instructions for Form 1065, U. S. Return of Partnership Income, and the Partner’s Instructions for Schedule K-1 (Form 1065). Generally, a partnership does not pay tax on its income but “passes through” any profits or losses to its partners. Partners must include partnership items on their tax returns.
Other Items You May Find Useful:
Form 1065, U. S. Return of Partnership Income
Form 1065-B, U.S. Return of Income for Electing Large Partnerships
Publication 535, Business Expenses
Publication 538, Accounting Periods and Methods
Comment on Form 541
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