Partnership Return (Form 1065)
File your business return and generate K‑1s for each partner.
One entity, multiple partners—let's keep it clean and compliant.
Form 1065 is the U.S. Return of Partnership Income—required for multi‑member LLCs and general partnerships. While the entity itself doesn't pay tax, it must report income, expenses, and allocations to each partner through Schedule K‑1s. At Nuvex, we help you prepare a clean, compliant 1065 return that reflects your partnership's operations—and ensures each partner gets the right information for their personal return.
Our Service includes but is not limited to:
- Preparation and e‑filing of Form 1065
- Complete Schedule K‑1s for each partner
- Schedule M‑1/M‑2 and Balance Sheet (Schedule L) if required
- Bookkeeping cleanup and categorization (if needed)
- Partner capital account updates (including withdrawals or contributions)
- Guaranteed payments and special allocations
- Basis tracking and depreciation schedules
- Multiple state partnership return (if required)
- Coordination with each partner's personal tax preparer (optional)
- Final review session to walk through the return and K‑1s
This service is ideal for:
- Multi‑member LLCs or formal partnerships
- Founders splitting income, ownership, or losses
- Businesses with outside investors or guaranteed payments
- Partnerships needing to issue clean, timely K‑1s
We handle the return, so you can focus on the business.
Book a 1:1 session and let's get your partnership squared away.