• Form 1065 U.S. Return of Partnership Income

  • For calendar year      , ending   , 20   .

  • E Date business started
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    2 digit month, 2 digit day, 4 digit year
  • G Check applicable boxes:
  • H Check accounting method:
  • K Check if partnership:

  • Income

  • Deductions

  • Tax and Payment

  • c Type:

  • Sign Here

  • Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than partner or limited liability company member) is based on all information of which preparer has any knowledge.
  • Clear
  • Date
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    2 digit month, 2 digit day, 4 digit year
  • May the IRS discuss this return with the preparer shown below? See instructions.

  • Paid Preparer Use Only

  • Clear
  • Date
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    2 digit month, 2 digit day, 4 digit year
  • Format: (000) 000-0000.

  • Schedule B Other Information

  • 1 What type of entity is filing this return? Check the applicable box:

  • 2 At the end of the tax year:

  • a Did any foreign or domesti corporation, partnership (including any entity treated as a partnership), trust, or taxexempt organization, or any foreign government own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If “Yes,” attach Schedule B-1, Information on Partners Owning 50% or More of the Partnership
  • b Did any individual or estate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If “Yes,” attach Schedule B-1

  • 3 At the end of the tax year, did the partnership:

  • a Own directly 20% or more, or own, directly or indirectly, 50% or more, of the total voting power of all classes of stock entitled to vote of any foreign or domestic corporation? For rules of constructive ownership, see instructions. If “Yes,” complete (i) through (iv) below
  • Rows
  • b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more, in the profit, loss, or capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructive ownership, see instructions. If "Yes," complete (i) through (v) below
  • Rows
  • 4 Does the partnership satisfy all four of the following conditions? a The partnership’s total receipts for the tax year were less than $250,000. b The partnership’s total assets at the end of the tax year were less than $1 million. c Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including extensions) for the partnership return. d The partnership is not filing and is not required to file Schedule M-3 If “Yes,” the partnership is not required to complete Schedules L, M-1, and M-2; item F on page 1 of Form 1065;or item L on Schedule K-1.
  • 5 Is this partnership a publicly traded partnership, as defined in section 469(k)(2)?
  • 6 During the tax year, did the partnership have any debt that was canceled, was forgiven, or had the terms modified so as to reduce the principal amount of the debt?
  • 7 Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide information on any reportable transaction?
  • 8 At any time during calendar year 2025, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)? See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank andFinancial Accounts (FBAR).
  • 9 At any time during the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If “Yes,” the partnership may have to file Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. See instructions
  • 10a Is the partnership making, or had it previously made (and not revoked), a section 754 election?
  • 10a If "Yes," enter effective date of the election
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    2 digit month, 2 digit day, 4 digit year
  • b For this tax year, did the partnership make an optional basis adjustment under section 743(b)?

  • b If “Yes,” enter the total aggregate net positive amount $   and the total aggregate net negative amount $      of such section 743(b) adjustments for all partners made in the tax year. The partnership must also attach a statement showing the computation and allocation of each basis adjustment. See instructions

  • Schedule B

  • Other Information (continued)

  • c For this tax year, did the partnership make an optional basis adjustment under section 734(b)?

  • If “Yes,” enter the total aggregate net positive amount $      and the total aggregate net negative amount of $      such section 734(b) adjustments for all partnership property made in the tax year. The partnership must also attach a statement showing the computation and allocation of each basis adjustment. See instructions

  • d For this tax year, is the partnership required to adjust the basis of partnership property under section 743(b) or 734(b) because of a substantial built-in loss (as defined under section 743(d)) or substantial basis reduction (as defined under section 734(d))?
  • 12 At any time during the tax year, did the partnership distribute to any partner a tenancy-in-common or other undivided interest in partnership property?
  • 14 Does the partnership have any foreign partners?
  • 16 a Did you make any payments in 2025 that would require you to file Form(s) 1099? See instructions
  • b If “Yes,” did you or will you file required Form(s) 1099?
  • 19 During the partnership’s tax year, did the partnership make any payments, or receive any payments allocable to foreign partners, that would require it to file Forms 1042 and 1042-S under chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474)?
  • 20 Was the partnership a specified domestic entity required to file Form 8938 for the tax year? See the Instructionsfor Form 8938
  • 21 Is the partnership a section 721(c) partnership, as defined in Regulations section 1.721(c)-1(b)(14)?
  • 22 During the tax year, did the partnership pay or accrue any interest or royalty for which one or more partners are not allowed a deduction under section 267A? See instructions
  • 23 Did the partnership have an election under section 163(j) for any real property trade or business or any farming business in effect during the tax year? See instructions
  • 24 Does the partnership satisfy one or more of the following? See instructions. a The partnership owns a pass-through entity with current, or prior year carryover, excess business interest expense. b The partnership’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years preceding the current tax year are more than $31 million and the partnership has business interest expense. c The partnership is a tax shelter (see instructions) and the partnership has business interest expense. If “Yes” to any, complete and attach Form 8990.
  • 25 Does the partnership intend to self-certify as a qualified opportunity fund?
  • 27 At any time during the tax year, were there any transfers between the partnership and its partners subject to the disclosure requirements of Regulations section 1.707-8?

  • Schedule B - Other Information (continued)

  • 28 Since December 22, 2017, did a foreign corporation directly or indirectly acquire substantially all of the properties constituting a trade or business of your partnership, and was the ownership percentage (by vote or value) forpurposes of section 7874 greater than 50% (for example, the partners held more than 50% of the stock of the foreign corporation)? If “Yes,” list the ownership percentage by vote and by value. See instructions.
  • 29 Is the partnership required to file Form 7208, Excise Tax on Repurchase of Corporate Stock (see instructions): a Under the applicable foreign corporation rules?
  • b Under the covered surrogate foreign corporation rules?
  • 30 At any time during this tax year, did the partnership (a) receive (as a reward, award, or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset (or financial interest in a digital asset)? See instructions

  • 31 Reserved for future use

  • 33 Is the partnership electing out of the centralized partnership audit regime under section 6221(b)? See instructions

  • Designation of Partnership Representative (see instructions)Enter below the information for the partnership representative (PR) for the tax year covered by this return.

  • Format: (000) 000-0000.
  • Name of designated individual (DI) if PR is an entity
  • Format: (000) 000-0000.

  • Schedule K Partners' Distributive Share Items

  • Analysis of Net Income (Loss) per Return

  • 2 Analysis of Net Income (Loss) per Return
    Rows

  • Schedule L Balance Sheets per Books

  • Assets
    Rows
  • Liabilities and Capital
    Rows

  • Schedule M-1 Reconciliation of Income (Loss) per Books With Analysis of Net Income (Loss) per ReturnNote: The partnership may be required to file Schedule M-3. See instructions.

  • Schedule M-2 Analysis of Partners' Capital Accounts

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