sjrcpa
Level 15
04-13-2021
07:50 PM
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The SMLLC is disregarded for tax purposes. So act like it doesn't exist. Enter the K-1s the same way you would enter K-1s issued in an individual's name.
What kind of asset did the SMLLC purchase? Is there a Sch C business or Sch E rental in addition to the K-1s?
The more I know the more I don’t know.