Generating Partnership Florida Form F-1065

How do I generate the Florida Form F-1065 in the Partnership module?

Solution:

Florida Form F-1065 is generated only if one of the partners is marked as a Corporation, in compliance with the F-1065 Instructions:

"Every Florida partnership having any partner subject to the Florida Corporate Income Tax Code is required to file Form F-1065. A limited liability company with a corporate partner, if classified as a partnership for Federal tax purposes, is also required to file Form F-1065. A Florida partnership is a partnership formed under the laws of Florida or a partnership doing business, earning or receiving income, or existing in Florida.

Note: A foreign (out-of-state) corporation which is a partner in a Florida partnership or a member of a Florida joint venture is subject to the Florida Income Tax Code and must file a Florida Corporate Income/Franchise and Emergency Excise Tax Return (Form F-1120).

A corporate taxpayer filing Form F-1120 may use Form F-1065 to report the distributive share of its partnership's income and apportionment factors of a partnership or joint venture that is not a Florida partnership."

If a partner is subject to the Florida Corporate Income Tax:

1. Go to Screen 7, Partner Information
2. Select the appropriate Partner from the left navigation panel.
3. Scroll down to the Miscellaneous Info section
4. Select Corporation as the Type of Entity
5. Scroll down to the Florida Information section
6. Mark the box, Subj to Corp Tax?