1065

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  • farmhers@windstream.net
    Junior Member
    • Oct 2016
    • 2

    #1

    1065

    farm partnership between myself and son was ended last year do I need to file anything
  • spanel
    Senior Member
    • Oct 2008
    • 845

    #2
    Ending last year as in?????

    2017?
    2018?

    Did you mark the 20XX return final when filed?

    Chris

    Comment

    • farmhers@windstream.net
      Junior Member
      • Oct 2016
      • 2

      #3
      Yes for 2017

      Comment

      • ttbtaxes
        Senior Member
        • Jan 2011
        • 580

        #4
        It would be helpful to know more about your situation. When did it begin? Was it operating as a business every year it existed? What activity was there in the final year?

        Comment

        • TAXNJ
          Senior Member
          • Jan 2007
          • 2106

          #5
          Originally posted by farmhers@windstream.net
          farm partnership between myself and son was ended last year do I need to file anything
          See TTB 20-17 “Terminating a Partnership” and also see if state laws may apply. Consider getting Professional advice from a Tax Attorney for your specific scenario.
          Always cite your source for support to defend your opinion

          Comment

          • spanel
            Senior Member
            • Oct 2008
            • 845

            #6
            Among other things, you should have marked the 2017 1065 final.

            Chris

            Comment

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