Question

How do I file 2019 taxes for general partnership?

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You file your part of a partnership on your individual tax return, Form 1040.

To enter in TurboTax, this information is included in the Income Section. Click this article to learn more: Where do I enter a K-1 that I received?

A partnership files an informational return called Form 1065 by March 16.

Click the link to get to TurboTax Business.

Each partner will be issued their share of the taxes due from the partnership on their own Schedule K-1 based on their percentage of ownership.

The Schedule K-1 is what you use to report the information on your tax return.

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