What form does a partnership use when filing an annual informational return?
A) Form 1041.
B) Form 1120.
C) Form 1065.
D) Form 1040.

Question

Quizplus · Accepted Answer

A partnership uses Form 1065 to file an annual informational return, which reports the partnership's income, deductions, gains, and losses. The partnership itself doesn't pay income tax; instead, each partner includes their share of the partnership's income or loss on their individual tax return.

What Form Does a Partnership Use When Filing an Annual