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Updated about 7 years ago on . Most recent reply

User Stats

82
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8
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Dennis M.
  • Toronto, Ontario
8
Votes |
82
Posts

After giving1099do i have to file return even no income for 2017?

Dennis M.
  • Toronto, Ontario
Posted

My LLC was form and office in the US who own all the properties. The LLC already have an EIN. Properties acquired last year 2017 and are still under repair and no income for last year. Do i still need to file a return to IRS even though there is no income for 2017?

If pay my PM and my independent contractor electronically from my LLC bank account and all the repair expenses are over $600.00? My if issue them 1099Misc. do i have to file a return even there is no income for 2017

Thank you very much to all, hope someone can give me an idea.

Most Popular Reply

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1,946
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429
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Daria B.
  • Rental Property Investor
  • Gainesville, FL
429
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1,946
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Daria B.
  • Rental Property Investor
  • Gainesville, FL
Replied

@Steven Hamilton II is also a CPA @Dennis M. but I could not get the tag to appear in my original post.

Perhaps reach out to these guys for a concrete answer.

Hope this helps!

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