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
Correction to 2018 Instructions for Form 1065, U.S. Return of Partnership Income -- 27 -MAR-2019
Instructional changes due to issuance of final Regulations for Qualified Business Income Deduction -- 25-Jan-2019
Reporting Related to IRC Section 965 on 2017 Returns -- 08-MAR-2018
Other Items You May Find Useful
Tax Basis Capital Account Frequently Asked Questions (FAQs)
About Publication 15 (Circular E), Employer's Tax Guide
About Publication 51 (Circular A), Agricultural Employer's Tax Guide
About Publication 225, Farmer's Tax Guide