LLC question

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? 

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It would be good practice to file a final Form 1065, but if the LLC neither received income nor incurred any expenditures treated as deductions or credits for federal income tax purposes a return is not required.

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DavidS127
Expert Alumni

Get your taxes done using TurboTax

As Community user tagteam pointed out, if you had income and expenditures while operating as a partnership, you are required to file a Form 1065, which for you would also be a final tax return.

 

When you become a single member LLC, you "default" to a "disregarded entity" (sole proprietorship filing Schedule C on your personal tax return) unless you file an application with IRS to be treated as a corporation (with or without an election to be treated as an S-corp).

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