Tax forms

Form 1065

Form 1065 is the U.S. Return of Partnership Income. A partnership files it to report its income, deductions, gains and losses, and to issue each partner a Schedule K-1 with the partner's share of those items.

Reviewed November 3, 2026

Why it matters

The partnership itself generally does not pay federal income tax. The 1065 allocates the income and deductions to the partners, who report them on their own returns.

Example

A two-member LLC taxed as a partnership files Form 1065 and issues a Schedule K-1 to each member. Each member reports the share of income and deductions on the member's individual return.

Related terms

Questions about Form 1065

When is Form 1065 due?

A calendar-year Form 1065 is generally due March 15, 2027 for tax year 2026. An extension moves the filing date, not the partners' payment dates.

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Sources

Checked November 3, 2026. Public pages and tax rules change; confirm them before relying on them.

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