llc tax return

[fabricesopo]

Hi  I Need to File a Tax Return for my LLC! I opened it in January 2019 and terminated the llc in December 2019. During the year my llc had No Activity? I just deposited $100 in order to open the bank account! Could you please tell me if your company can take care of the filing and for much please? Also what kind of document needs to be file to Irs? Thanks

[Vanessa A]

If you had NO business activity then there is nothing to file and nothing to report.  If this was a single-member LLC your income and expenses would be reported on Schedule C using TurboTax Self-Employed online or TurboTax Home and Business download.  With no activity, this form would not be generated. 

If you had activity in your LLC, then either program would handle your LLC.  If there were multiple members, and you had activity (income or expenses) then you would need to use TurboTax BUSINESS to file form 1065, which is only available as a download or disc.  Again, with NO activity, you would not file this return.