LLP - Was I required to file K1/1065? I'm in the process of having a home loan underwritten, and some tax documents are being requested of me that I'm unsure whether or not I filed or was even required to file.
I maintained an active LLP for 2013-2014, and my originator is requesting Schedule K1s. Due to the business being an LLP, I don't believe I was required to file Schedule K1s. I have also read from multiple sources that an LLP can choose to "pass through" its tax liability to its members, and thus not be required to file a 1065. This was my and my partner's intent, as it was a very loose/informal partnership created just to allow us to work together under a formal name.
All this to say, I'm unsure if I'm in the clear here or not. |