minin4pd
New Member

Business & farm

I paid the same as the capital balance shown for the other partner at the time of redemption.  I want to maintain the protections afforded by an LLC. I understand I have to file a Schedule C for the remainder of the post-redemption period for the 2016 tax year. For the 2017 Tax year, do I only have to file a Schedule C, and no 1065?