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Updated almost 8 years ago on . Most recent reply

Justin Tortorich's profile image
Justin Tortorich's profile image
Justin Tortorich
  • Real Estate Agent and Investor
  • from New Orleans, Louisiana
  • Member since Oct 9, 2016
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Justin Tortorich's profile image
Justin Tortorich's profile image
Justin Tortorich
  • Real Estate Agent and Investor
  • from New Orleans, Louisiana
  • Member since Oct 9, 2016
Connect
Justin Tortorich
  • Real Estate Agent and Investor
  • New Orleans, LA
5
Votes |
8
Posts
Tax, SDIRAs & Cost Segregation

Schedule K1 and form 1065

Justin Tortorich
  • Real Estate Agent and Investor
  • New Orleans, LA
Posted

Any help would be much appreciated. 

My brothers and I just started an LLC in December 2016 and contributed money to it. We have yet to actually buy a property and rent anything.

I'm pretty sure that even though the company has not purchased any property yet, the company still has to file tax returns for 2016. Can anyone verify this?

If so, what steps do we need to take? How do we actually file a return as a company and how are the 1065s generated and sent from the company to the owners?

Very new to this, so please bare with me. Thank you!

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