JudyB
Level 3
02-13-2021
10:30 AM
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I have 1 return for LLC partnership, a zero return. Need to process it
Thank you
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TaxGuyBill
Level 15
02-13-2021
10:35 AM
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With Basic, no.
But because you bought Basis, you are allowed to download and use Professional (which can to Partnerships) on a Pay-Per-Return (PPR) basis.
However, the PPR fee is fairly high, especially if the entire return is zeros, so filing an all-zero return might be easier to file by paper.
As a side note, if it is an all-zero return, you might not even need to file a return.
JudyB
Level 3
03-12-2021
09:32 AM
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Thank you. I file a zero return just so that I am not questioned. But you are right, I do not need to file.
Happy Tax season!!!