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- 1065 for foreign based partnership(all us citizen owners)
1065 for foreign based partnership(all us citizen owners)
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mb9
Level 1
07-29-2024
09:10 AM
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do I file 1065 for foreign based partnership if all income and taxes are paid outside of USA?
3 Comments 3
mb9
Level 1
07-29-2024
03:21 PM
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no it was created in Italy as an srls(simple LLC basically)
income/losses are filed in Italy as well, but I would like to use the losses on in the usa
sjrcpa
Level 15
07-29-2024
04:41 PM
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The Italian partnership, if not treated as a corporation in Italy should give your US partners some sort of statement of income to report on their US returns.
The more I know, the more I don't know.
