Schedule K-1 (Form 1065) is how a partnership reports each partner's share of its income, deductions and credits, one K-1 per partner. This page is for partnerships and bookkeepers preparing them: upload last year's K-1 and this year's blank to reuse partnership and partner details, then review every line.
Tested with the irs.gov edition dated 2025
If your partnership prepares Schedule K-1 for its partners, or you are a bookkeeper doing that for clients, this page is for you. If you received a K-1 from a partnership, this page is not for entering it into your return. The IRS says of the K-1 you receive: "Keep it for your records. Don't file it with your tax return unless you're specifically required to do so." The IRS Partner's Instructions explain each box on the K-1 you received.
According to the IRS, "The partnership uses Schedule K-1 to report your share of the partnership's income, deductions, credits, etc." (Partner's Instructions for Schedule K-1). The partnership issues one per partner. On the partnership's side, the Form 1065 instructions say "Attach a copy of each Schedule K-1 to the Form 1065 filed with the IRS. Keep a copy with a copy of the partnership return as a part of the partnership's records and furnish a copy to each partner." RepeatForm does not work out any amount on it.
The IRS describes Form 1065 as the partnership's information return: "Partnerships file an information return to report their income, gains, losses, deductions, credits, etc." and "A partnership does not pay tax on its income but "passes through" any profits or losses to its partners." Schedule K-1 is the per-partner statement that goes with it. This page covers Schedule K-1 (Form 1065) only. Schedule K-1 forms for other kinds of entity are different forms.
The IRS publishes Partner's Instructions for Schedule K-1 (Form 1065) and tells partnerships to "Give each partner a copy of either the Partner's Instructions for Schedule K-1 (Form 1065) or specific instructions for each item reported on the partner's Schedule K-1." They are the place to look up what a box or code means. RepeatForm does not interpret boxes, codes or amounts.
The Form 1065 instructions say "Partnerships with more than 100 partners are required to file Form 1065, Schedules K-1, and other related forms and schedules electronically." They also say the IRS may waive the electronic filing rules if the partnership demonstrates that a hardship would result. Check the current instructions for your own partnership. RepeatForm does not file anything: it prepares the PDF; e-filing is done in your own filing software or through a tax professional.
Upload a Schedule K-1 you issued for a partner last year and this year's blank; RepeatForm carries the matching answers across; you review them, then preview the PDF before you export. Do this once for each partner's own prior-year K-1.
The IRS publishes a Schedule K-1 (Form 1065) for each tax year. Carrying a prior year's copy into the new one works for many answers, but some fields are renamed or moved and match only partly, so check every line on the new year's form in Review before you export.
Upload the two versions, check what matched, then inspect the finished PDF before paying.
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According to the IRS, "The partnership uses Schedule K-1 to report your share of the partnership's income, deductions, credits, etc." The partnership issues one per partner and files a copy with the IRS. If you received one, the IRS says to keep it for your records. RepeatForm prepares the PDF for partnerships; it does not file for you.
No. Form 1065 is the partnership's information return: the IRS says partnerships "file an information return to report their income, gains, losses, deductions, credits, etc." Schedule K-1 (Form 1065) is the per-partner statement. The Form 1065 instructions say to attach a copy of each Schedule K-1 to the Form 1065 filed with the IRS and furnish a copy to each partner.
No. This page is for partnerships and bookkeepers preparing K-1s, not for entering a K-1 you received. The IRS says of a K-1 you received: "Keep it for your records. Don't file it with your tax return unless you're specifically required to do so." The IRS Partner's Instructions explain each box, and a tax professional can say where each item goes.
Use the IRS Partner's Instructions for Schedule K-1 (Form 1065), which the IRS says partnerships give each partner (or equivalent specific instructions for each item). They explain what each box and code means. RepeatForm does not interpret boxes, codes or amounts.
The Form 1065 instructions say "Partnerships with more than 100 partners are required to file Form 1065, Schedules K-1, and other related forms and schedules electronically", and describe a hardship waiver. Check the instructions for your own partnership. RepeatForm does not file for you.
The Form 1065 instructions say "Generally, a domestic partnership must file Form 1065 by the 15th day of the 3rd month following the date its tax year ended as shown at the top of Form 1065. For calendar-year partnerships, the due date is March 15." Check the current instructions, including what they say about weekends and holidays and about when each partner's K-1 is due.
You can reuse the partnership and partner details that stay the same, such as the partnership's EIN, name and address and the partner's name and address. Every amount, the year and the partner's shares are different each time, so enter them again and check every line on the new year's form in Review. Do this for each partner's own copy.
