I am filing a late (and final) Form 1065 for a business that had 0 income, 0 expenses, 0 assets, and 0 liabilities.
I am hesitant on answering "Yes' on question 4 of Schedule B because one of the points is that K-1s were furnished by the partnership deadline. They were not and and the partnership did not request an extension.
I am receiving the following error message: If question 4 of Schedule B, the "Partnership Met Requirement", is checked as "No", then Total Assets (Form 1065, Line F) must be significant or zero, AND Form 1065, Schedules L, M-1 and M-2 must be significant.
Does anybody have a solution for this?