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Form 8865 Schedule K 1 Partner's Share of Income, Deductions, Credits, Etc

Form 8865 Schedule K 1 Partner's Share of Income, Deductions, Credits, Etc

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Instructions and help about Form 8865 Schedule K 1 Partner's Share Of Income, Deductions, Credits, Etc

Every one today I want to talk a little about foreign partnerships and the tax implications of what happens when you have a foreign partnership so very similar to an u.s. partnership a foreign partnership has a filing requirement on formed eighty-eight sixty-five, and it usually goes attached to the personal return of one of the US partners and basically a foreign partnership is entity and the entity that was formed in a foreign country that is not a corporation and meets the definitions of a foreign partnership or an u.s. person could engage with business with foreign partners and if it is foreign controlled then at that point it becomes a foreign partnership I have more information in the links below regarding what are the definitions of a foreign partnership, and it issues a schedule k-1 just like a US partnership and those partners those US partners have to report that income just like a US partnership where the income is flow through down to the actual partner and similar to a con

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