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LLC was created in 2021 but no rental property was acquired. How do I file?
LLC was created in 2021 but no rental property was acquired. State is Kentucky. We had minor expenses (e.g., attorney fees, LLC creation, etc.) but did not actually purchase property so we have no income.
I assumed I needed to submit through TurboTax Business but there does not appear to be an option to not enter a property. When attempting to do so it states "No Rental Property Entered."
How would I complete the federal and state taxes if we didn't actually acquire property?
Thanks!
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‎February 21, 2022
8:51 AM