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Business & farm
Thank you.
The page says:"
- A domestic partnership must file an information return, unless it neither receives gross income nor pays or incurs any amount treated as a deduction or credit for federal tax purposes.
This is an Arizona LLC. Is that a partnership?
We had no income in 2019 (or for years before that) . We had expenses but how do I know if the were treated as a deduction? Deduction against what ? The LLC did not file taxes in 2019. Please explain.
‎September 22, 2020
9:20 PM