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Business & farm
Yes. If your partnership is formed in HI, you would need to file a 1065. This form is due March 15 instead of April 15th.
A business jointly owned and operated by a married couple is a partnership (and should file Form 1065, U.S. Return of Partnership Income) unless the spouses qualify and elect to have the business be treated as a qualified joint venture, or they operate their business in one of the nine community property states.
Since you have elected to be treated as an LLC, you do not otherwise qualify for the qualified joint venture.
You would also need to file a HI N-20 for HI and a 1065 for the IRS. The LLC would fall under HI rules
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‎April 29, 2025
5:13 AM