Hi. My dormant real estate LLC didn't produce profit or loss in 2022 and was closed 1/1/23. TurboTax is asking me to report a K-1 but I do not have one. What shall I do?

[Brady513]

I kept the LLC open only because my attorney said to keep it open for one year just in case there were any lingering bills, liabilities, etc. And there was nothing. So how do I tell TurboTax that I do not have a K-1 for 2022?

[Carl]

The fact the LLC was dormant in 2022 doesn't matter. Based on your information, it was still "open for business" in 2022. Therefore, a final 1065 "should" have been filed for 2022 and a "final" k-1 issued to all owners. The fact the business had not income/expenses doesn't matter. It's open, until you file that final 1065 and report it's closure or other disposition.

[Critter-3]

If a K-1 will not be issued then you need to delete the K-1 form that carried forward :  

https://ttlc.intuit.com/questions/2903043-how-do-i-delete-a-k-1