ThomasM125
Expert Alumni

Business & farm

Line 20(c) on form 1065 is fine for the property taxes, since it is just for "Other Information." I don't think you should enter the licensing fee as it is not tax deductible, unless it is considered a property tax and is calculated based on a percentage of the value of the property.

 

You do need to file the LLC return since you have a partnership and it owns property.

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