itonewbie
Level 15
06-18-2020
09:24 AM
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1065 is for partnership. Is the US LLC owned by more than one person? If not, the US LLC is an SMLLC, which is a DRE. This would mean that income/expenses of the SMLLC should be reported on the foreign national's return (1040-NR for NRA and 1040 for resident alien). If the foreign national is an NRA, there will be some important additional reporting and filing requirements; see this recent discussion for more details: https://proconnect.intuit.com/community/proconnect-tax-online-discussions/discussion/does-proconnect...
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Still an AllStar
Still an AllStar