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Level 4
February 13, 2021
Question

Can I do a 1065 on proseries basic

  • February 13, 2021
  • 2 replies
  • 12 views

I have 1 return for LLC partnership, a zero return.   Need to process it 

Thank you

This topic has been closed for replies.

2 replies

February 13, 2021

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.

JudyBAuthor
Level 4
March 12, 2021

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!!!