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Updated over 6 years ago on . Most recent reply presented by

Matthew Walsh's profile image
Matthew Walsh's profile image
Matthew Walsh
  • Real Estate Agent
  • from Virginia Beach, VA
  • Member since Dec 5, 2017

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25
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7
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Matthew Walsh's profile image
Matthew Walsh's profile image
Matthew Walsh
  • Real Estate Agent
  • from Virginia Beach, VA
  • Member since Dec 5, 2017
Matthew Walsh
  • Real Estate Agent
  • Virginia Beach, VA
7
Votes |
25
Posts
Tax, SDIRAs & Cost Segregation

Unused LLC and taxes

Matthew Walsh
  • Real Estate Agent
  • Virginia Beach, VA
Posted

I have an LLC which was created this year, for a deal that fell through day before closing. There have been no transactions-no income no bank - but I want to keep it open for another deal. Do i have to file taxes on it?

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Tatyana Shevnina's profile image
Tatyana Shevnina's profile image
Tatyana Shevnina
  • Specialist
  • from Los Gatos, CA
  • Member since Jul 9, 2014
  • Posts 73
  • Votes 28
  • Experience 18 Yrs
  • Investments 1

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73
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Tatyana Shevnina's profile image
Tatyana Shevnina's profile image
Tatyana Shevnina
  • Specialist
  • from Los Gatos, CA
  • Member since Jul 9, 2014
  • Posts 73
  • Votes 28
  • Experience 18 Yrs
  • Investments 1
Tatyana Shevnina
  • Specialist
  • Los Gatos, CA
28
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73
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Tatyana Shevnina
  • Specialist
  • Los Gatos, CA
Replied

@Matthew Walsh

I would double check your state requirement as well. California, where I am, wants a filing and LLC tax even if there is no income or business conducted.

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