sjrcpa
Level 15
12-21-2021
01:51 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
SMLLCs are disregarded for tax purposes, unless they elected to be taxed as a Corporation.
Their income and loss gets reported on the single owner's tax return. In your case the SMLLC info is included on the owner corporation's tax return.
I don't know everything.
The more I know the more I don’t know.