GeorgeM777
Expert Alumni

Business & farm

@SueSC   Given that the CA LLC Tax Booklet indicates that an LLC "is not required to complete Schedules L, M-1, M-2 or Item G" it does not appear that there is a prohibition against entering 0 if the LLC chooses to do so.  Thus, if the correct answer to Item G is 0 because the LLC's assets at the end of the year were in fact 0, and given that there is no prohibition against entering 0, enter 0.  

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