What is a Partnership Return?

A Partnership Return

For tax purposes, partnership is a business relationship between individuals​ with each contributing money, labor, property and skill.​ Each expects to share in the profits and losses of the business. Partnerships must report their income to the IRS by filing Form 1065.

The term partnership includes:​

• Limited Partnership​s
• Syndicate​s
• Pool​s
• Joint Venture​s

For more information on completing Form 1065, please refer to the IRS Instructions for Form 1065.