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Do I need to report a Schedule K-1 (Form 1065) for a startup company registered as an LLC with 3 members, if no income has been made and no investors are involved?

 
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Vanessa A
Expert Alumni

Do I need to report a Schedule K-1 (Form 1065) for a startup company registered as an LLC with 3 members, if no income has been made and no investors are involved?

No. If there is no income on the k-1 and nothing reported on it, then no, you do not need to enter it on your return. 

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