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Returning Member
posted Dec 23, 2022 8:52:36 PM

How to fill out form 1065 for no business activity?

Going to file final federal and state tax returns for 2 dissolved LLCs taxed as partnerships. There’s been absolutely no business activity whatsoever. Federally, how do I write it out? Leave it all blank or fill everything out with zeroes? For state (Montana), can I fill out INA-CT for both or does that only apply to non-dissolved businesses with no activity

 

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1 Replies
Level 15
Dec 24, 2022 6:41:09 AM

I am not certain what the State of Montana requires, but if the LLC neither received income nor incurred any expenditures treated as deductions or credits for federal income tax purposes it is not required to file a 1065.

 

See https://www.irs.gov/instructions/i1065#en_US_2021_publink11392vd0e555