diff --git a/src/setup/index.js b/src/setup/index.js
index dee506302e81..94aa27707012 100644
--- a/src/setup/index.js
+++ b/src/setup/index.js
@@ -33,10 +33,6 @@ export default function () {
             [ONYXKEYS.SESSION]: {loading: false},
             [ONYXKEYS.ACCOUNT]: CONST.DEFAULT_ACCOUNT_DATA,
             [ONYXKEYS.NETWORK]: {isOffline: false},
-            [ONYXKEYS.IOU]: {
-                loading: false,
-                error: false,
-            },
             [ONYXKEYS.IS_SIDEBAR_LOADED]: false,
             [ONYXKEYS.SHOULD_SHOW_COMPOSE_INPUT]: true,
         },