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Get your taxes done using TurboTax
Good point. If “didn’t make any money this year” means you received customer payments, especially ones reported to the IRS (such as a 1099-NEC), then you need to include those payments on the appropriate return for your LLC (e.g., Schedule C on your personal return or an S Corp 1120 S) regardless of whether your LLC was profitable.
November 12, 2025
1:52 PM
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