Yes you will file a business (Partnership tax return). Partnerships headquartered in the United States must file Form 1065 each year, including limited partnerships. Partnerships generally don’t pay taxes and use Form 1065 to prepare Schedule K-1s to pass-through income and losses to partners - which will be reported on your individual tax return.

Further details are in the link below:

https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-form-1065/L5UpOREHb##

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For your small business be sure to have all records relating to your business earnings and expenses. If you are a sole proprietorship or use a legal entity such as an LLC or corporation you generally calculate your taxable business income in similar ways. Start by reporting gross receipts or sales for the year along with your business expenses.

The following resources provide further details:

https://turbotax.intuit.com/tax-tips/small-business-taxes/how-to-file-federal-income-taxes-for-small-businesses/L8ghn14sF##

https://turbotax.intuit.com/tax-tips/self-employment-taxes/reporting-self-employment-business-income-and-deductions/L3Unchx1x##

Have an amazing day. Evelyn M (CPA 20+ years)I would love a thumbs up :) + Mark the post that answers your question by clicking on "Mark as Best Answer"