I wholly own 2 LLC's in NJ, 1 LLC had no activity and the other LLC I had one job where my expenses equaled my income, do I need to file a tax return for either?

[KiaraE · Accepted solution]

For the LLC where you expenses equaled your income, yes you must file a tax return. 

For the LLC that had no activity, directly from the IRS Instructions for Form 1065 " 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."

https://www.irs.gov/pub/irs-pdf/i1065.pdf

[gary-l]

I am the sole owner of the LLC. Do I need to file a 1065 return with TurboTax Business or do I use TurboTax Home and business?

[KiaraE]

Choose TurboTax Home & Business if you have a single-member LLC that is treated as a sole proprietorship. If you own an interest in a multiple-member LLC (or a partnership, S corporation or C corporation), choose TurboTax Business.