GA TAX
Level 2

One of our client had an LLC partnership. The entity engage in 'used car sales business'. Now they setup a irrevocable trust. This trust now owned this partnership LLC which indirectly engage that business.

How we file our trust and LLC ??

Our understanding that we need to file LLC as 1065 with income & expenditure

Trust will be filed as 1041 without any activity until one of partner can't operate that business

 

 

 

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