We formed an LLC in Colorado for a rental property in that state. The LLC has 2 members so it is considered a partnership for federal filing. We filed the equivalent of the 1065 in Colorado and the federal 1065. The expenses and depreciation exceeded the rental income in the first year, so the business shows a loss. Both partners are residents of NJ, but no business operations or income from NJ. Should we also file NJ 1065? Thank you.
