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Lev
Lev, Tax Advisor
Category: Tax
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Experience:  Taxes, Immigration, Labor Relations
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I have to prepare the Federal Income Tax return for an LLC

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I have to prepare the Federal Income Tax return for an LLC with two members. If they file using a 1065, do they need to file together?

The partnership files its own tax return on form 1065,

but will issue forms K1 to each partner and report partner's share of income and deductions,

Then each partner will use his/her share of income from K1 on the individual tax return.

Questions?

Customer: replied 1 month ago.
Thank you for the quick reply!

You are welcome.

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