AnnetteB6
Expert Alumni

Education

If your LLC was formed as a partnership, then the IRS will expect a Form 1065 partnership return be filed under the Federal ID that was assigned to your LLC.  You are not required to file the partnership return if there was no income received and no expenses to be claimed. 

 

Otherwise, you can use TurboTax Business to create and file the partnership return.  This will also generate K-1s for each partner.  Then the K-1 will be reported on each partner's personal return for their share of income and expenses.

 

Here is a link to learn more about TurboTax Business:  TurboTax Business

 

 

 

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