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?
02389
2 Replies
Critter-3
Level 15
Oct 8, 2022 7:54:54 PM
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
Carl
Level 15
Oct 9, 2022 5:52:13 PM
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.