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

posted

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

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

How do I amend my 2024 personal tax return to reflect a new single member LLC started in 2024, no revenue, no employees. I incurred legal and state fees in 2024 for setup

in After you file

Expert does your taxes

Do it yourself

Resources

Support

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

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

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

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

Do you have an Intuit account?

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

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert