qbteachmt
Level 15
04-16-2022
10:59 AM
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To clarify, then: the formation of an LLC for legal protection by this married couple does not turn them into a Partnership for purposes of tax returns. Are you certain this is not still just a 1040 reporting? Are you certain this is supposed to change to 1065? Being "LLC" is a State construct and does not by definition make this a multi-member partnership.
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