turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Do I have to file form 1065 if LLC has no income or expenses?

Do I have to file Form 1065 with no income?  How do I file Form 1065?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
AnnetteB
Intuit Alumni

Do I have to file form 1065 if LLC has no income or expenses?

According to the IRS Instructions for Form 1065, you would not be required to file a partnership return if there has been no income or deductions:

Who Must File

Domestic Partnerships

Except as provided below, every domestic partnership must file Form 1065, unless it neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes.

Entities formed as LLCs that are classified as partnerships for federal income tax purposes have the same filing requirements as domestic partnerships.

 

If you choose to do so, Form 1065 can be filed using TurboTax Business.  Click the following link for more information about TurboTax Business:  https://turbotax.intuit.com/small-business-taxes/


View solution in original post

3 Replies
AnnetteB
Intuit Alumni

Do I have to file form 1065 if LLC has no income or expenses?

According to the IRS Instructions for Form 1065, you would not be required to file a partnership return if there has been no income or deductions:

Who Must File

Domestic Partnerships

Except as provided below, every domestic partnership must file Form 1065, unless it neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes.

Entities formed as LLCs that are classified as partnerships for federal income tax purposes have the same filing requirements as domestic partnerships.

 

If you choose to do so, Form 1065 can be filed using TurboTax Business.  Click the following link for more information about TurboTax Business:  https://turbotax.intuit.com/small-business-taxes/


Anonymous
Not applicable

Do I have to file form 1065 if LLC has no income or expenses?

Thanks!

I found the IRS link to it as well:  https://www.irs.gov/publications/p541

 

Do I have to file form 1065 if LLC has no income or expenses?

Check your state rules as they may differ ... FL for instance will issue a late filing fee even for a zero income return. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies