GeorgeM777
Expert Alumni

Business & farm

If your LLC has multiple members, by default the LLC is taxed as a partnership, in which case you would be issuing Schedule K-1s to the partners reflecting their distributive shares of partnerships losses (you indicated that your LLC had no income in 2021).  

 

Follow-up with additional information whether your LLC is being taxed as a partnership.  

 

@llcbeginner

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"