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amndarf
March 9, 2025
Question

In North Carolina, for a partnership, last year my business had no income or expenses aside from the $200 annual report fee. How would I deduct this fee ?

  • March 9, 2025
  • 1 reply
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Do I need to deduct this on my federal partnership return or my state partnership returns?

    1 reply

    D
    DavidD66
    March 17, 2025

    You report it as a business expense on your federal partnership tax return (Form 1065).  If you have no income and no other expenses, your $200 loss will flow to your state partnership return (Form D-403).

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