topic I own a business that had no activity last year. I filed a no activity business return in March. Do I need to report this some where on my personal taxes? in Business & farm

I own a business that had no activity last year. I filed a no activity business return in March. Do I need to report this some where on my personal taxes?

jakefeb05 — Sat, 01 Jun 2019 15:40:06 GMT

If it was a Corporation or an S-Corporation, yes the K-1...

WillK — Sat, 01 Jun 2019 15:40:08 GMT

If it was a Corporation or an S-Corporation, yes the K-1 that has been generated would be reported on your personal return. You would need to use Turbo Tax premier to report the K-1. You will also be able to report your other personal tax information in the program.