Was a 2 person partnership in 2023 with 1065 tax return, my partner left at 12/31/2023. What do I file in 2024 as a single member LLC? Do I still file a final 065 tax return and file just a with same LLC Schedule C business income?
It depends. First you will report all of your income on your personal tax return as a single member limited liability company (LLC).
Next, if you did not mark your Form 1065 as 'Final' last year, you may want to file it with no income simply to take it off the register. This will keep the IRS from looking for a return and partnership that no longer exists.
Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
