How to Prepare Form 1065 in 8 Steps [+ Free Checklist]

Form 1065 is used by partnerships and multi-member LLCs taxed as partnerships to report business income and expenses. Because a partnership is not a taxable entity, net earnings are reported on each partner’s personal tax return. Form 1065 is necessary to report all partnership income, deductions, and credits for the tax year. We recommend hiring...

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