Foreign partner LLC Form 1065 Schedule B and PR help
I need help with a 2025 Form 1065 for a New Mexico LLC with 2 foreign individual partners (non-U.S., no SSN/ITIN in 2025). Small activity year (1 sale), draft return shows a loss. No Forms 8804/8805 filed yet. I need guidance on foreign-partner compliance, Schedule B line 14/line 33, Partnership Representative rules, and whether 8804/8805 are required in a loss year. Looking for a short consultation and affordable, limited-scope help.
Quick Answer:
For your 2025 Form 1065:
1. **Foreign Partner Compliance:** Each foreign individual partner will require an ITIN to file their U.S. income tax return (Form 1040-NR) and for the partnership to issue a proper Schedule K-1. They should provide a Form W-8BEN to the LLC.
2. **Schedule
Note: This answer is provided for convenience only. It is important that you speak to a CPA about your individual tax situation.
