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Nerea-Langman
New Member

Does a newly formed LLC that did not generate income in 2020 and had minimal expenses need to file a return?

 
2 Replies
Critter-3
Level 15

Does a newly formed LLC that did not generate income in 2020 and had minimal expenses need to file a return?

If this is a single member LLC that did NOT incorporate and had no income then you do not need to file a Sch C to report the expenses.  

Mike9241
Level 15

Does a newly formed LLC that did not generate income in 2020 and had minimal expenses need to file a return?

as a single-member LLC, those exepnses would not be deductible in future years

 

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