Partnership LLC question

Forum|Forum|6 years ago
March 6, 2020
2 replies
37 views

My partner left one month after we filed a partnership LLC so now I am a sole llc. She did not make any money or contribute any money. Do I need to file a 1065? Also, is there a form that needs to be set to the IRS to change from a partnership LLC to a sole owner LLC?

TurboTax Home & Biz Windows

brasstax10

Level 3

File a final 1065 so you don't have issues. No other form has to be sent to the irs.

DianeC958

Alumni - Intuit

If you originally set up with the IRS to be taxed as a partnership (Form 1065) you will need to file the Form 1065 and mark it as a Initial return and a Final Return to avoid penalties for late filing. This will close out the Federal ID number you have with the IRS.

If you want to continue to operate as a Single Member LLC you will need to get a new Federal ID number with the IRS.

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