Hello,
Prior to 2022, I had a partnership with one other person, and he always handled the taxes for us, so my only involvement was to input what he sent me via a K-1 with my personal return. However, in early 2022, he decided he wanted out of the business, so he dissolved our old LLC, and I started a new one in Ohio, for which I am and will remain the sole member. From doing a bit of research on here a few weeks ago, my understanding is that I will still need to file a 1065 for informational purposes only, and the income will pass through to my individual tax return, as has been the case in previous years with our old LLC through the K-1 I was provided.
I purchased the desktop version of TurboTax Home & Business to file both my individual and business taxes, and I believe I've entered in everything for both the business and Personal Income, but I've not yet filed the return. I want to make sure I've done everything correctly so that I don't have to do an amended return. When I look at the forms list, I don't see a 1065, and my understanding is that I should since I'll need to send this to the IRS for informational purposes only. Is that understanding correct, and if so, should I be seeing a 1065 in my list of forms, or does indicate I've missed completing a section(s) that generates this form? Finally, if a 1065 is required to be filed with the IRS, does Ohio require this form to be filed with them, as well, for single member LLCs? Thanks in advance for any assistance you can provide.
