This includes your gross profit, net profit, cost of goods sold, rent payments, etc. The first page of the form asks you to list the specifics of your income and deductions in the applicable fields. Be sure to fill this portion out accurately so that the IRS can correctly identify your business. The top of the form asks for the name of your partnership, the registered address, your employer identification number, and several other identifying pieces of information. If your accountant is filling out the form on your behalf, make sure that he or she has all of the necessary information. The form requires a detailed financial picture of your partnership, so you will need to refer to these numbers as you work through it. Gather your financial data.īefore you start filling out Form 1065, make sure that you have all of your financial statements in front of you. Partnerships do not pay income on gains or losses, but instead these are passed through the business to the partners.īelow you'll find Form 1065 instructions, as well as frequently asked questions. Form 1065 is an IRS form that partnerships use to report their income.
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