I created a partnership LLC in Florida. We have no income for 2018, do we need to file a tax return?

Forum|Forum|7 years ago
June 3, 2019
1 reply
0 views

No text available

TurboTax Premier Android

Best answer by AnnetteB6

No, if you had no income and also no expenses to report, you would not be required to file the partnership return for 2018.

According to the IRS Instructions for Form 1065 U S Return of Partnership Income, "every domestic partnership must file Form 1065, unless it neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes."

A

AnnetteB6Answer

No, if you had no income and also no expenses to report, you would not be required to file the partnership return for 2018.

According to the IRS Instructions for Form 1065 U S Return of Partnership Income, "every domestic partnership must file Form 1065, unless it neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes."

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"