LLC was never operational - anything I need to do on Schedule C on personal return?
Hi, I formed an LLC in 2022 but then later closed it later in 2022. It was never operational (thus no income or expenses). Do I need to indicate anything on Schedule C of my personal tax return? Thank you in advance for your help.
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1 Best answer
MinhT1
Expert Alumni
Feb 22, 2023 3:24:02 PM
No. You do not need to make mention of your LLC on your personal tax return.
If your LLC had no income and no expenses in 2022, you are not required to file a tax return for it.
2 Replies
MinhT1
Expert Alumni
Feb 22, 2023 3:24:02 PM
No. You do not need to make mention of your LLC on your personal tax return.
If your LLC had no income and no expenses in 2022, you are not required to file a tax return for it.