Hi there, Do I need to file my annual tax this year even though I had no income last year? Should it be before the first day of the month I opened my LLC business?

posted

What type of LLC? Is it a single-member or a Partnership?

You don't have to file a Schedule C for a single-member LLC if there was no income.

Except as provided below, 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. Required to file

Is QBI carryover and NOL the same thing? Went out of business in 2022. No income from business in 2023. Have a 18,273 loss carryover. Can i use the carryover for 2023?

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Hi there, Do I need to file my annual tax this year even though I had no income last year? Should it be before the first day of the month I opened my LLC business?

Hi there, Do I need to file my annual tax this year even though I had no income last year? Should it be before the first day of the month I opened my LLC business?

Get more help

Do you have a TurboTax Online account?

Hi there, Do I need to file my annual tax this year even though I had no income last year? Should it be before the first day of the month I opened my LLC business?

Do you have an Intuit account?

Hi there, Do I need to file my annual tax this year even though I had no income last year? Should it be before the first day of the month I opened my LLC business?

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert