About Form 1065, U.S. Return of Partnership Income


Partnerships file an information return to report their income, gains, losses, deductions, credits, etc.

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 or information returns.

Current Revision

Recent Developments

Frequently Asked Questions (FAQs) for Schedules K-2 and K-3 (Forms 1065, 1120S, and 8865) -- 16-FEB-2022

Changes to the 2021 Partnership Instructions for Schedules K-2 and K-3 (Form 1065) -- 18-JAN-2022

Frequently Asked Questions (FAQs) for 2021 Short-Tax Year Pass-Through Entity Returns and Schedules K-2 and K-3  

Correction to the 2021 Schedules K-2 and K-3 (Form 1065) -- 17-SEP-2021

Clarifications for the 2020 Partner's Instructions for Schedule K-1 (Form 1065) -- 18-MAR-2021

Tax Shelter Election in Regulations Section 1.448-2(b)(2)(iii)(B)(2) -- 19-FEB-2021

Treasury and IRS release draft partnership form to provide greater clarity on international tax reporting --18-AUG-2020

Taxpayer Relief for Certain Tax-Related Deadlines Due To Coronavirus Pandemic -- 14-APR-2020

Form 1065 BBA Partnerships Filing Amended Returns for CARES Act Relief -- 13-APR-2020

Clarifications for Disregarded Entity Reporting and section 743(b) Reporting -- 26-MAR-2020

Micro-Captive Arrangements -- 23-MAR-2020

Corrections to the 2019 Instructions for Form 1065 -- 10-MAR-2020

Correction to 2018 Instructions for Form 1065, U.S. Return of Partnership Income -- 27-MAR-2019

Reporting Related to IRC Section 965 on 2017 Returns -- 08-MAR-2018

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