DianeW777
Expert Alumni

Investors & landlords

The LLC return must be filed even if you decide to end it.  You could mark it first and final if that's what you decide.  It sounds like your best option since only your property was included in the LLC.

 

The correct form to file for a partnership is Form 1065, and each partner would receive a 1065-K1 to include and report on your personal returns. 

 

The fee for filing may seem high, however the IRS will charge penalties for not filing the return.  These penalties can be much higher.

 

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