Business & farm

You can file a 2019 short year return (Form 1065) for a multi-member LLC:

 

The 2018 Form 1065 is an information return for calendar year 2018 and fiscal years that begin in 2018 and end in 2019. For a fiscal year or a short tax year, fill in the tax year space at the top of Form 1065 and each Schedule K-1.

 

The 2018 Form 1065 may also be used if:

 

  1. The partnership has a tax year of less than 12 months that begins and ends in 2019, and

  2. The 2019 Form 1065 isn't available by the time the partnership is required to file its return.

However, the partnership must show its 2019 tax year on the 2018 Form 1065 and incorporate any tax law changes that are effective for tax years beginning after 2018.

 

If you are using TurboTax Business, the problem is you will have to print and mail the return because you will have to manually write the beginning and ending dates on the forms.