What is a reportable entity partner on LLC 1065 form?

[Redheather]

there is no income for the partnership this year, and the value is less than $100,000.00

[JulieH1]

 A reportable entity partner with respect to a partnership filing Form 1065 or Form 1065-B is an entity that:

Owns or is deemed to own, directly or indirectly, under these instructions, a 50% or greater interest in the income, loss, or capital of the partnership on any day of the tax year, and

Was required to complete Schedule M-3 on its most recently filed U.S. federal income tax return or return of income filed prior to that day.