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April 18, 2021
Question

Does a newly formed LLC that did not generate income in 2020 and had minimal expenses need to file a return?

  • April 18, 2021
  • 2 replies
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2 replies

Critter-3
April 18, 2021

If this is a single member LLC that did NOT incorporate and had no income then you do not need to file a Sch C to report the expenses.  

April 18, 2021

as a single-member LLC, those exepnses would not be deductible in future years