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    RMish's Avatar
    RMish Posts: 1, Reputation: 1
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    #1

    Jan 30, 2010, 10:21 AM
    I formed an LLC in 2009 and only act. Was $51.16 int inc. Do I need to file a return
    I formed an LLC in 2009 and the only activity was $51.16 in interest income. The LLC received a 1099-INT. Do I need to file a federal return or state return (in IL)? Thx.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Feb 25, 2010, 01:33 PM
    Is the LLC a sole proprietorship? If so, then report the interest income on your PERSONAL tax return for both the federal return and the Illinois return.

    If the LLC is a partnership, then Form 1065 and the Illinois equivalent must be filed.
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