Are we required to file Form 1065 and issue Schedule K-1's even if the LLC did not generate income?

[JulieCo · Accepted solution]

It depends.  Here is what the IRS instructions state for who must file Form 1065:

Every domestic partnership must file Form 1065, unless it neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes. Entities formed as LLCs that are classified as partnerships for federal income tax purposes have the same filing requirements as domestic partnerships.

https://www.irs.gov/pub/irs-pdf/i1065.pdf