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keelerje
October 9, 2022
Question

2021 formed LLC functioning as a partnership. Bought a house in 2021 and sold it in 2022. Was I supposed to file a form 1065 in 2021 even though we had no income?

  • October 9, 2022
  • 2 replies
  • 0 views
No text available

2 replies

Critter-3
Critter-3
October 9, 2022

A domestic partnership must file an information return, unless it neither receives gross income nor pays or incurs any amount treated as a deduction or credit for federal tax purposes

    Carl11_2
    Carl11_2
    Employee
    October 10, 2022

    I don't see what buying a house has to do with forming a multi-member LLC. Did the LLC buy the house and then sell it? If so, then you probably have a reportable financial event.

     

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