Do I need a balance sheet for a North Carolina 1065 LLC Partnership Return with under $250,000 income for 2016 taxes?

[proenginesllc]

It says North Carolina requires it but says nothing about a North Carolina Partnership requiring it.

[CherylW]

All of the following have to be true:

You can skip the Balance Sheet section if:

• Total business income (before deductions) is under $250,000; and
• Your business is not filing an Alabama, Connecticut (non-partnership), District of Columbia, Georgia, Kentucky, Louisiana, Massachusetts, Mississippi, New Jersey (non-partnership), New York, North Carolina, Oklahoma, Pennsylvania, South Carolina, or Tennessee return; and
• Corporation year-end assets are under $250,000 or partnership/LLC year-end assets are under $1,000,000.

Related Information:

• How do I turn off the balance sheet?