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Form 1065 B Fill in Version U S Return of Income for Electing Large Partnerships

Form 1065 B Fill in Version U S Return of Income for Electing Large Partnerships

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I'm going to walk you through IRS form 1065 that is your informational tax return that you are required to file if you own a partnership or a business Partnerships file an informational tax return or report for their income gains losses deductions and credits A partnership does not pay taxes on their income but passes through any profits or losses to its partners partners must then include the partnership items on their tax return or in informational returns as well I strongly recommend you when you fill out this form on your own 1065 make sure that you review the instructions and follow through I will put the link in the description below for the current version of form 1065 and also the instructions for form 1065 hit the like button if you find this video helpful and subscribe to the channel that I'll greatly appreciate it and it will motivate me a partnership is a relationship between two or more people to do the trade and or the business each person contributes mone

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