Do I need to file a 1065 and K-1 if the partnership had no activity for the tax year?
Per IRS instructions:
". . .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.
Entities formed as LLCs that are
classified as partnerships for federal income
tax purposes have the same filing
requirements as domestic partnerships." [https://www.irs.gov/pub/irs-pdf/i1065.pdf, see p.2-3 for additional exceptions to the filing requirement]
If you meet the above criteria, you're not required to file the 1065.
Do I need to file a 1065 and K-1 if the partnership had no activity for the tax year?
Per IRS instructions:
". . .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.
Entities formed as LLCs that are
classified as partnerships for federal income
tax purposes have the same filing
requirements as domestic partnerships." [https://www.irs.gov/pub/irs-pdf/i1065.pdf, see p.2-3 for additional exceptions to the filing requirement]
If you meet the above criteria, you're not required to file the 1065.
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