topic Dissolved LLC (multi-member) in Business & farm

Dissolved LLC (multi-member)

tcfear — Wed, 11 Feb 2026 07:05:04 GMT

I dissolved our multi-member LLC on 3/15/2024 w/ the state of WI. On 3/18/2024 I filed our 2023 business return. When do I need to submit the final tax return?

Re: Dissolved LLC (multi-member)

Anonymous_ — Mon, 29 Apr 2024 20:38:34 GMT

See https://www.irs.gov/instructions/i1065#en_US_2023_publink11392vd0e874

Generally, a domestic partnership must file Form 1065 by the 15th day of the 3rd month following the date its tax year ended as shown at the top of Form 1065.

Re: Dissolved LLC (multi-member)

tcfear — Thu, 02 May 2024 23:09:39 GMT

Ok, so to be clear, I'll file the final return BY 3/15/25, correct?

Re: Dissolved LLC (multi-member)

Anonymous_ — Thu, 02 May 2024 23:47:11 GMT

Your tax year closed when you dissolved your business (the LLC) so it's the 15th day of the 3rd month following that date.

Re: Dissolved LLC (multi-member)

tcfear — Mon, 13 May 2024 12:45:33 GMT

Thank you. I understand the 15th day of the 3rd month from the date I dissolved it on 3/15/2024. I'm confused about filing it, in that, I filed my 2023 taxes on 3/18/24. When I go back into the business TurboTax, my 2023 filing is there and I don't see where I can create a new filing for this final return. Am I supposed to amend the 2023 filing? Otherwise, until TurboTax creates the new tax year, I don't know where/how to file the final return?

Re: Dissolved LLC (multi-member)

Anonymous_ — Mon, 13 May 2024 13:20:01 GMT

Was that your final return (3/18/2024)? Did you not mark it as final?

Re: Dissolved LLC (multi-member)

tcfear — Mon, 13 May 2024 13:32:32 GMT

Since my Annual Report was submitted for the LLC this year, and I didn't dissolve until 3/15/24, I didn't think I could mark my 2023 return as final? Was that an error on my part? If so, would I just need to amend that return to mark it as final? (Sorry...I should answer your question...I guess the answer is "yes" because the LLC is done and we had no new expenses or earnings from 1/1/24-3/15/24)

Re: Dissolved LLC (multi-member)

Anonymous_ — Mon, 13 May 2024 13:54:16 GMT

You could file a return for the short 2024 period and mark it as a final return,

The capital accounts, balance sheet, et al, should show that they have been zeroed out.

Re: Dissolved LLC (multi-member)

tcfear — Mon, 13 May 2024 14:27:37 GMT

Does a "short-return" still get filed the 15th day of the 3rd month from dissolution? Do you know if TurboTax offers a short-return in their business program?

Re: Dissolved LLC (multi-member)

Anonymous_ — Mon, 13 May 2024 15:55:55 GMT

Yes, to your first question.

Secondly, you can use the 2023 Business edition to prepare the 2024 (short year) final return but you will have to print and mail it since you will need to adjust the dates manually after printing the return (and K-1s).