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matthewgene15
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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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‎June 3, 2019 11:17 AM
last updated ‎June 03, 2019 11:17 AM
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Rick19744
Level 13
Level 13

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

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.
‎June 3, 2019 11:17 AM
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