topic Do I need to file taxes for DBA partnership that had no income in 2020? in Business & farm

Do I need to file taxes for DBA partnership that had no income in 2020?

murphy8675309 — Wed, 10 Mar 2021 20:18:44 GMT

No sales in 2020. This is done from our home.

ColeenD3 — Wed, 10 Mar 2021 21:32:59 GMT

No.

A domestic partnership must file an information return, unless it neither receives gross income nor pays or incurs any amount treated as a deduction or credit for federal tax purposes.
A foreign partnership generally must file an information return if:
- It has gross income effectively connected with the conduct of a trade or business within the United States,
- It has gross income derived from sources in the United States, or
- It is making an election, such as an election to amortize organization expenses.

murphy8675309 — Wed, 10 Mar 2021 21:35:14 GMT

Thank you answering this so quickly.