Schedule O on form 568 for multimembers LLC

[JAKARTA1111]

I have formed a multi-members LLC in mid 2021, and not doing business yet. I'll file form 1065 and CA form 568 since there are four individual members in LLC. Since it's the initial tax return, it requires me to fill out schedule O Amounts from Liquidation used to Capitalize a LLC on form 568.  I have went through the 2021 Instruction for Form 568, it shows "Schedule O is a summary of the entities liquidated to capitalize the LLC and the amount of gains recognized in such liquidations". Since the LLC has 4 individual members only, do I need to fill out schedule O? Or just leave it blank? Thanks in advance!

[Vanessa A · Accepted solution]

Yes, you will leave this blank if you are only 4 individual members and did not liquidate any other type of entity to form this LLC.