Re: I closed my small business in October 2019. Do I use that date on my 1065? Or December 31? Or...

I closed my small business in October 2019. Do I use that date on my 1065? Or December 31? Or does it matter? Stopped paying taxes in October.

I’m asking this in regards to the calendar tax year. Should it be Jan-Dec? Or Jan-Oct on my 1065....

posted

If you closed your business in October, then you would use that date on your 1065. It would have run from January until October, which is considered a short tax year for calendar year businesses.

For more information, please see the following link:

1065

I purchased a second home in December, and closed on the 30th. I'd like to write-off the applicable closing costs, but I will not receive a 1098. How do I?

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I closed my small business in October 2019. Do I use that date on my 1065? Or December 31? Or does it matter? Stopped paying taxes in October.

I closed my small business in October 2019. Do I use that date on my 1065? Or December 31? Or does it matter? Stopped paying taxes in October.

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I closed my small business in October 2019. Do I use that date on my 1065? Or December 31? Or does it matter? Stopped paying taxes in October.

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I closed my small business in October 2019. Do I use that date on my 1065? Or December 31? Or does it matter? Stopped paying taxes in October.

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