diff --git a/src/pages/home/report/ReportActionItem.js b/src/pages/home/report/ReportActionItem.js
index 8cf8fd78371d..28188f30435e 100644
--- a/src/pages/home/report/ReportActionItem.js
+++ b/src/pages/home/report/ReportActionItem.js
@@ -681,7 +681,11 @@ export default compose(
             key: ONYXKEYS.PREFERRED_EMOJI_SKIN_TONE,
         },
         iouReport: {
-            key: ({action}) => `${ONYXKEYS.COLLECTION.REPORT}${ReportActionsUtils.getIOUReportIDFromReportActionPreview(action)}`,
+            key: ({action}) => {
+                const iouReportID = ReportActionsUtils.getIOUReportIDFromReportActionPreview(action);
+                return iouReportID ? `${ONYXKEYS.COLLECTION.REPORT}${iouReportID}` : undefined;
+            },
+            initialValue: {},
         },
         emojiReactions: {
             key: ({action}) => `${ONYXKEYS.COLLECTION.REPORT_ACTIONS_REACTIONS}${action.reportActionID}`,