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zot123
New Member

I have a LLC Partnership that has went through the dissolving steps with the final being filing a zero activity 1065. Do I need to issue W-2s to the partners?

 
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Rick19744
Level 12

I have a LLC Partnership that has went through the dissolving steps with the final being filing a zero activity 1065. Do I need to issue W-2s to the partners?

You will need to complete a final form 1065 and provide each member with a K-1.  Both the 1065 and K-1 should indicate that they are final.
*A reminder that posts in a forum such as this do not constitute tax advice.*

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5 Replies
TomYoung
Level 13

I have a LLC Partnership that has went through the dissolving steps with the final being filing a zero activity 1065. Do I need to issue W-2s to the partners?

No.  Partners are not employees.  But why would you think you should be issuing W-2s?
Lisa995
Level 12

I have a LLC Partnership that has went through the dissolving steps with the final being filing a zero activity 1065. Do I need to issue W-2s to the partners?

The partners would get K-1s as usual.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
zot123
New Member

I have a LLC Partnership that has went through the dissolving steps with the final being filing a zero activity 1065. Do I need to issue W-2s to the partners?

I went with an accounting site to handle our taxes last year and I'm trying to cut them out this year. Sorry, you are correct about the W-2s, I meant Schedule K1.
Rick19744
Level 12

I have a LLC Partnership that has went through the dissolving steps with the final being filing a zero activity 1065. Do I need to issue W-2s to the partners?

Apparently there are some notification issues at this time and OP's are only receiving notifications when comments are made and not answers.  As such, this comment is just to hopefully provide the OP with a notification.
*A reminder that posts in a forum such as this do not constitute tax advice.*
Rick19744
Level 12

I have a LLC Partnership that has went through the dissolving steps with the final being filing a zero activity 1065. Do I need to issue W-2s to the partners?

You will need to complete a final form 1065 and provide each member with a K-1.  Both the 1065 and K-1 should indicate that they are final.
*A reminder that posts in a forum such as this do not constitute tax advice.*
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