How do i report member activity for an LLC Investment Club?

[venusb_06]

No K-1 will be issued as it is not a partnership.  A schedule A has been distributed so each member has their % share and gains/losses.

[TomYoung]

You have multiple members.

Per the IRS:

"An LLC is an entity created by state statute. Depending on elections made by the LLC and the number of members, the IRS will treat an LLC either as a corporation, partnership, or as part of the owner’s tax return (a disregarded entity). Specifically, a domestic LLC with at least two members is classified as a partnership for federal income tax purposes unless it files Form 8832 and affirmatively elects to be treated as a corporation."

You do need to file Form 1065 and issue Schedule K-1's

Tom Young