Create Form 1065 Online Prepare your partnership’s return

Work through the 2025 partnership return in the order of the form, from page 1 to Schedules B and K, and watch the official Form 1065 fill in as you type. Then download it as a PDF or print it for review and signature.

View the form on IRS.gov

How to fill it out: Instructions for Form 1065

Partnership and tax year

This generator fills page 1, Schedule B, the partnership representative, Schedule K, and the Analysis of Net Income (Loss). Schedules L, M-1, and M-2 on page 6 stay blank: they’re needed only if you answer No to Schedule B, question 4, and then come from the official form or tax software. Schedules K-1 for the partners aren’t included either.

Name of partnership *

The legal name. Mail goes to a third party, like an accountant? Put “C/O” and their name on the street line.

D · Employer identification number (EIN) *

A · Principal business activity *

B · Principal product or service *

C · Business code number *

From the list of principal business activity codes in the instructions.

E · Date business started *

Tax year

Calendar year 2025 Fiscal or short year

Tax year begins

Tax year ends

Use this 2025 form for a fiscal or short year that begins in 2025.

Address

The partnership’s address. Include the suite or room number.

Number and street *

Room or suite no. (optional)

City or town *

State *

ZIP code *

State or province (optional)

Foreign postal code (optional)

The address is outside the United States

Country *

Return details

Items F to K at the top of page 1.

F · Total assets at the end of the tax year

From Schedule L, line 14, column (d). Not required if you answer Yes to Schedule B, question 4.

G · Check if this is

(1) Initial return

(2) Final return

(3) Name change

(4) Address change

(5) Amended return

H · Accounting method *

Cash Accrual Other

Other method (specify) *

I · Number of Schedules K-1 attached *

One for each person who was a partner at any time during the tax year.

J · Schedules C and M-3 are attached

K · Check if the partnership

(1) Aggregated activities for section 465 at-risk purposes

(2) Grouped activities for section 469 passive activity purposes

Income

Only trade or business income and expenses go on lines 1a through 23. Type a minus sign for a loss: it prints in parentheses. Nothing is added up for you.

1a · Gross receipts or sales

1b · Returns and allowances

1c · Balance (1a minus 1b)

2 · Cost of goods sold (Form 1125-A)

3 · Gross profit (1c minus 2)

4 · Ordinary income (loss) from other partnerships, estates, and trusts

5 · Net farm profit (loss) (Schedule F)

6 · Net gain (loss) from Form 4797, Part II, line 17

7 · Other income (loss) (attach statement)

8 · Total income (loss): lines 3 through 7

Deductions

9 · Salaries and wages (other than to partners), less employment credits

10 · Guaranteed payments to partners

11 · Repairs and maintenance

12 · Bad debts

13 · Rent

14 · Taxes and licenses

15 · Interest

16a · Depreciation (Form 4562)

16b · Depreciation reported on Form 1125-A and elsewhere

16c · 16a minus 16b

17 · Depletion (not oil and gas)

18 · Retirement plans, etc.

19 · Employee benefit programs

20 · Energy efficient commercial buildings deduction (Form 7205)

21 · Other deductions (attach statement)

22 · Total deductions: lines 9 through 21

23 · Ordinary business income (loss): line 8 minus line 22

Tax and payment

24 · Look-back interest: completed long-term contracts (Form 8697)

25 · Look-back interest: income forecast method (Form 8866)

26 · BBA AAR imputed underpayment

27 · Other taxes

28 · Total balance due: lines 24 through 27

29 · Elective payment election amount from Form 3800

30 · Payment

31 · Amount owed

32a · Overpayment

32b–d · Direct deposit of the overpayment Optional

Routing number

Account type

Checking Savings

Account number

Schedule B: entity and ownership (1–3)

1 · Type of entity filing this return *

Domestic general partnership Domestic limited partnership Domestic limited liability company Domestic limited liability partnership Foreign partnership Other

Other (describe) *

2a · At year end, did any corporation, partnership, trust, tax-exempt organization, or foreign government own, directly or indirectly, 50% or more of the profit, loss, or capital?

Yes No

If Yes, attach Schedule B-1.

2b · At year end, did any individual or estate own, directly or indirectly, 50% or more of the profit, loss, or capital?

Yes No

If Yes, attach Schedule B-1.

3a · Did the partnership own 20% or more (or 50% or more indirectly) of the voting stock of any corporation?

Yes No

List each corporation (up to five here; attach a statement for more).

(1) Name of corporation

EIN

Country of incorporation

% of voting stock

(2) Name of corporation

EIN

Country of incorporation

% of voting stock

(3) Name of corporation

EIN

Country of incorporation

% of voting stock

(4) Name of corporation

EIN

Country of incorporation

% of voting stock

(5) Name of corporation

EIN

Country of incorporation

% of voting stock

3b · Did the partnership own 20% or more (or 50% or more indirectly) of the profit, loss, or capital of any partnership, or the beneficial interest of a trust?

Yes No

List each entity (up to five here; attach a statement for more).

(1) Name of entity

EIN

Type of entity

Country

Max. %

(2) Name of entity

EIN

Type of entity

Country

Max. %

(3) Name of entity

EIN

Type of entity

Country

Max. %

(4) Name of entity

EIN

Type of entity

Country

Max. %

(5) Name of entity

EIN

Type of entity

Country

Max. %

Schedule B: questions 4–10

4 · Does the partnership meet all four: total receipts under $250,000, total assets under $1 million, Schedules K-1 filed and furnished on time, and no Schedule M-3 required?

Yes No

If Yes, Schedules L, M-1, and M-2, item F on page 1, and item L on Schedule K-1 aren’t required.

5 · Is this partnership a publicly traded partnership (section 469(k)(2))?

Yes No

6 · During the tax year, was any of the partnership’s debt canceled, forgiven, or modified to reduce the principal?

Yes No

7 · Has the partnership filed, or is it required to file, Form 8918 on any reportable transaction?

Yes No

8 · At any time in calendar year 2025, did the partnership have an interest in or authority over a financial account in a foreign country?

Yes No

See the FinCEN Form 114 (FBAR) filing requirements in the instructions.

Name of the foreign country

9 · Did the partnership receive a distribution from, or was it the grantor of or transferor to, a foreign trust?

Yes No

If Yes, it may have to file Form 3520.

10a · Is the partnership making, or has it made (and not revoked), a section 754 election?

Yes No

Effective date of the election

10b · Did the partnership make an optional basis adjustment under section 743(b) this year?

Yes No

If Yes, enter the totals and attach the statement the instructions describe.

Total net positive amount

Total net negative amount

Without a minus sign: the form prints the parentheses.

Schedule B: questions 10c–27

10c · Did the partnership make an optional basis adjustment under section 734(b) this year?

Yes No

Total net positive amount

Total net negative amount

Without a minus sign: the form prints the parentheses.

10d · Is the partnership required to adjust the basis of partnership property for a substantial built-in loss or a substantial basis reduction?

Yes No

Total aggregate amount of the adjustments

11 · During this or the prior tax year, the partnership distributed property received in a like-kind exchange, or contributed such property to another entity

12 · Did the partnership distribute a tenancy-in-common or other undivided interest in partnership property to any partner?

Yes No

13a · Number of Forms 8858 attached

14 · Does the partnership have any foreign partners?

Yes No

Number of Forms 8805 filed

15 · Number of Forms 8865 attached

16a · Did you make any payments in 2025 that would require you to file Forms 1099?

Yes No

16b · If Yes, did you or will you file the required Forms 1099?

Yes No

17 · Number of Forms 5471 attached

18 · Number of partners that are foreign governments (section 892)

19 · Did the partnership make or receive payments that would require Forms 1042 and 1042-S (chapters 3 or 4)?

Yes No

20 · Was the partnership a specified domestic entity required to file Form 8938?

Yes No

21 · Is the partnership a section 721(c) partnership?

Yes No

22 · Did the partnership pay or accrue interest or royalties for which a partner may not deduct under section 267A?

Yes No

Total amount of the disallowed deductions

23 · Did the partnership have an election under section 163(j) for a real property trade or business or a farming business in effect?

Yes No

24 · Does the partnership meet any of the section 163(j) conditions (excess business interest expense carryover, gross receipts over $31 million, or tax shelter)?

Yes No

If Yes to any, complete and attach Form 8990.

25 · Does the partnership intend to self-certify as a qualified opportunity fund?

Yes No

Amount from Form 8996, line 15

26 · Number of foreign partners subject to section 864(c)(8)

27 · Were there transfers between the partnership and its partners subject to the disclosure requirements of Regulations section 1.707-8?

Yes No

Schedule B: questions 28–33

28 · Since December 22, 2017, did a foreign corporation acquire substantially all of the partnership’s properties, with partners holding more than 50% of its stock (section 7874)?

Yes No

Ownership percentage by vote

Ownership percentage by value

29a · Is the partnership required to file Form 7208 under the applicable foreign corporation rules?

Yes No

29b · Is the partnership required to file Form 7208 under the covered surrogate foreign corporation rules?

Yes No

30 · During the tax year, did the partnership receive, sell, exchange, or otherwise dispose of a digital asset (or a financial interest in one)?

Yes No

32 · An election out of subchapter K under section 761 is being made

33 · Is the partnership electing out of the centralized partnership audit regime under section 6221(b)?

Yes No

If Yes, complete Schedule B-2. If No, designate a partnership representative in the next step.

Total from Schedule B-2, Part III, line 3

Partnership representative

Needed unless you elected out of the centralized audit regime (question 33). The PR needs a U.S. address and phone number.

First name of PR (or entity name)

Last name of PR

Street

U.S. phone

City

State

ZIP code

The PR is an entity, so it names a designated individual (DI)

First name of DI

Last name of DI

Street

U.S. phone

City

State

ZIP code

Schedule K: income (loss)

Partners’ distributive share items: the totals for all partners.

1 · Ordinary business income (loss) (page 1, line 23)

2 · Net rental real estate income (loss) (Form 8825)

3a · Other gross rental income (loss)

3b · Expenses from other rental activities

3c · Other net rental income (loss): 3a minus 3b

4a · Guaranteed payments for services

4b · Guaranteed payments for capital

4c · Total guaranteed payments: 4a plus 4b

5 · Interest income

6a · Ordinary dividends

6b · Qualified dividends

6c · Dividend equivalents

7 · Royalties

8 · Net short-term capital gain (loss) (Schedule D)

9a · Net long-term capital gain (loss) (Schedule D)

9b · Collectibles (28%) gain (loss)

9c · Unrecaptured section 1250 gain

10 · Net section 1231 gain (loss) (Form 4797)

11 · Other income (loss)

Type

Schedule K: deductions, self-employment, and credits

12 · Section 179 deduction (Form 4562)

13a · Cash contributions

13b · Noncash contributions

13c · Investment interest expense

13d · Section 59(e)(2) expenditures

Type

13e · Other deductions

Type

14a · Net earnings (loss) from self-employment

14b · Gross farming or fishing income

14c · Gross nonfarm income

15a · Low-income housing credit (section 42(j)(5))

15b · Low-income housing credit (other)

15c · Qualified rehabilitation expenditures (rental real estate)

15d · Other rental real estate credits

Type

15e · Other rental credits

Type

15f · Other credits

Type

Schedule K: international, AMT, and other items

16a · Schedule K-2 is attached: the partnership reports items of international tax relevance

16b · The partnership qualified for an exception to filing Schedule K-2

17a · Post-1986 depreciation adjustment

17b · Adjusted gain or loss

17c · Depletion (other than oil and gas)

17d · Oil, gas, and geothermal properties: gross income

17e · Oil, gas, and geothermal properties: deductions

17f · Other AMT items (attach statement)

18a · Tax-exempt interest income

18b · Other tax-exempt income

18c · Nondeductible expenses

19a · Distributions of cash and marketable securities

19b · Distributions of other property

20a · Investment income

20b · Investment expenses

21 · Total foreign taxes paid or accrued

Line 20c (other items and amounts) has no amount box: report those items on an attached statement.

Analysis of net income (loss)

Page 6, top. Line 1 is Schedule K, lines 1 through 11, minus lines 12 through 13e and 21. Then split it by partner type.

1 · Net income (loss)

2a · General partners

Corporate

Individual (active)

Individual (passive)

Partnership

Exempt organization

Nominee / other

2b · Limited partners

Corporate

Individual (active)

Individual (passive)

Partnership

Exempt organization

Nominee / other

Sign the return

Form 1065 isn’t a return until a partner or LLC member signs it (a receiver, trustee, or assignee signs instead when filing for the partnership).

Sign by hand after printing. Form 1065 isn’t on the IRS list of forms it accepts electronic signatures on, so the partner or LLC member signs and dates page 1 in ink. Partnerships that file 10 or more returns of any type, or have more than 100 partners, must e-file instead.

May the IRS discuss this return with the preparer shown below?

Yes No

Paid preparer use only If someone you paid prepared it

Leave this blank if a partner, member, or employee prepared the return. The preparer signs their own section.

Preparer’s name

PTIN

Self-employed

Firm’s name

Firm’s address

Firm’s EIN

Phone no.

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Complete the required fields to download or print your Form 1065.

Still needed:

Downloaded. A partner or LLC member signs and dates page 1 in ink. Attach Schedules L, M-1, and M-2 from the official form if you answered No to Schedule B, question 4, plus a Schedule K-1 for each partner, and file by the due date: see where to file Form 1065. Furnish each partner their Schedule K-1 too.

Page

View the form on IRS.gov

How to fill it out: Instructions for Form 1065

Disclaimer: forms.app offers this Form 1065 generator and the IRS form it fills free of charge, as a convenience. forms.app is not affiliated with the Internal Revenue Service, doesn’t file returns for you, doesn’t figure or check any amounts, and doesn’t give tax, legal, or accounting advice. The generator fills page 1, Schedule B, Schedule K, and the Analysis of Net Income (Loss); Schedules K-1, L, M-1, M-2, and any other attachments come from the official forms or tax software. You are responsible for the accuracy of the return and for filing it on time, electronically where required. Form 1065 and its instructions are published by the IRS at irs.gov/Form1065. Partnership returns are complex; work with a tax professional. Found something on this page that’s wrong or out of date? Let us know.

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What Form 1065 is for

Form 1065, U.S. Return of Partnership Income, is the annual information return a partnership files to report its income, gains, losses, deductions, and credits. The partnership itself generally doesn’t pay income tax: its results pass through to the partners, who report their shares from Schedule K-1 on their own returns.

Every domestic partnership files one, including LLCs taxed as partnerships, unless it had no income and no deductions or credits for the year. It’s due by the 15th day of the 3rd month after the tax year ends, which is March 15 for a calendar year. Partnerships that file 10 or more returns of any type in a year, or have more than 100 partners, must file electronically, and a late or incomplete return can cost $255 per partner for each month it’s late, for up to 12 months.

How the 1065 generator works

Start with the partnership’s name, EIN, and items A to K, then copy the income and deductions onto page 1. Answer the Schedule B questions, name the partnership representative, and enter the Schedule K totals and the Analysis of Net Income (Loss). Type a minus sign for a loss and it prints in parentheses. The generator copies your figures without adding them up, so check each total against your books.

All six pages of the official form update as you type. Schedules L, M-1, and M-2 stay blank, because they’re only needed when you answer No to Schedule B, question 4. Print the return for a partner or LLC member to sign in ink, attach the Schedules K-1, and file it. Need another form? Browse all tax form generators.

What you might ask about Form 1065

Who has to file Form 1065?

Every domestic partnership, including an LLC with two or more members that’s taxed as a partnership, unless it had no income, deductions, or credits for the tax year. Foreign partnerships with U.S. income or U.S. partners may have to file too; see Who Must File in the instructions.

When is Form 1065 due?

By the 15th day of the 3rd month after the end of the tax year: March 15 for a calendar-year partnership, or the next business day when that falls on a weekend or holiday. Form 7004 gives an automatic 6-month extension to file.

Can we file Form 1065 on paper?

Only if the partnership isn’t required to e-file. Partnerships that file 10 or more returns of any type during the year, counting information returns like Forms W-2 and 1099, or that have more than 100 partners, must file Form 1065 and the Schedules K-1 electronically.

Which schedules does this generator fill?

Page 1, Schedule B (all four pages of questions, plus the partnership representative), Schedule K, and the Analysis of Net Income (Loss) at the top of page 6. Schedules L, M-1, and M-2 aren’t required if you answer Yes to Schedule B, question 4; otherwise fill them in on the official form. Each partner’s Schedule K-1 is a separate form.

Who signs Form 1065?

Any partner or LLC member. A receiver, trustee, or assignee signs instead when filing for the partnership. Form 1065 isn’t on the IRS list of forms accepted with electronic signatures on paper, so this generator leaves the signature line blank for an ink signature. A paid preparer signs the preparer section.

What is the partnership representative?

The person (or entity, with a designated individual) who acts for the partnership in IRS audits under the centralized audit regime. Name one on page 4 unless the partnership is eligible and elects out under Schedule B, question 33. The PR needs a U.S. address and phone number.

What happens if we file late?

The penalty is $255 for each month or part of a month the return is late or incomplete, up to 12 months, multiplied by the number of people who were partners during the year, unless there’s reasonable cause. Separate penalties apply for late Schedules K-1.

Is my information private?

Yes. Everything you type stays in your browser. The PDF is created on your device, and nothing is uploaded to or saved by forms.app, so download the return before you close the page.

Does the 1065 generator cost anything?

No. It’s free, with no account or sign-up.

Your Form 1065 isn’t ready to print yet

Fill in the required fields on the page (the partnership’s name, EIN, items A to E, address, accounting method, number of Schedules K-1, type of entity, and the partnership representative), then print again.

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