Tax Guide Make Partnership Profits Simple with 1065 Schedule K 1 Form 1065 Schedule K 1 – for determining shares of partnership profits or losses This post from PDFfiller takes a look at another important one for partnerships – Form ... Tax Guide 1065 Schedule K-1: Share of Partnership Profits or Losses If you are involved in a business partnership, you know that the income from your business “passes through” the partnership and is taxed as your income. Yet the IRS ...