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posted Jun 3, 2019 11:17:20 AM

K1 with all zeros, do I need to add to my personal return

Formed LLC partnership with no income,no expenses, no deductions..k1 and 1065 both have all zeros. Do I need to add k1 with all zeros to my personal returns on turbotax? Or just not bother 

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1 Replies
Level 13
Jun 3, 2019 11:17:22 AM

Not really necessary to add it as there is no tax impact.