Form 1065 for partnerships and multi-member LLCs
A US LLC with two or more members is usually taxed as a partnership. It files Form 1065 and gives each partner a Schedule K-1 showing their share of income.
- Two or more owners
- A K-1 for every partner
What a partnership return covers
Form 1065
The partnership’s information return, usually due 15 March for calendar-year partnerships.
Schedule K-1s
Each partner’s share of income, deductions and credits, which they use on their own return.
Foreign partners
Partnerships with foreign partners may need to withhold tax on their share of effectively connected income, reported on Forms 8804 and 8805.
State returns
Many states require their own partnership return.
Partnership tax return
- Form 1065 + K-1s$179–$279
Price depends on the number of partners and transactions.
What you need for Tax filing
Prepare these before you apply. Exact requirements depend on your situation, and we confirm them with you.
Documents
- Prior-year returns, if any
- Income records: W-2s, 1099s, 1042-S or platform reports
- Bank statements for the business
- Expense receipts and records
Information you’ll provide
- SSN, ITIN or EIN
- Residency status and days in the US
- Entity type and ownership
- Owner contributions and withdrawals (for Form 5472)
- The return you need depends on your residency and entity type.
- Some returns can’t be e-filed and are sent by mail or fax.
- Upload documents securely in your client portal or send them to us on WhatsApp.
Run a multi-member LLC?
Tell us about your partners and income and we’ll explain what to file.