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Is my LLC required to generate K1s when the company was inactive for 2016?
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Is my LLC required to generate K1s when the company was inactive for 2016?
It depends on how you elected to be taxed. If your LLC is taxed as a partnership then you only have to file if you have income or expenses to report. If you had absolutely no activity you would not have to file. If your LLC is taxed as a corporation then you are required to file regardless of activity.
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