nmr12354
Level 3
12-07-2019
02:02 AM
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Client purchased a sport fishing boat and had it titled under an LLC for asset protection. He has no intention of using it for income. It is strictly a pleasure boat. Although he did obtain an EIN number, is it necessary for the partnership to file a return? There would be no loss.
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Level 15
12-07-2019
02:02 AM
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Whos the other partner?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
nmr12354
Level 3
12-07-2019
02:02 AM
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his wife
msmith7305
Level 7
12-07-2019
02:02 AM
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If you look at "Who Must File" in 1065 instructions you will find your answer.
IRonMaN
Level 15