ejdtaxman
Level 7
10-20-2021
11:59 AM
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I'm sorry if I sound frustrated but I have written this multiple times.
LLC B is a multi member LLC and files a 1065. I assume what you meant is, does the owner of LLC B file a 1040, but in light of the above it should be obvious they do not.
The individual involved in all of these ventures (real estate if you are curious) files a 1040 and has the K1 from LLC B on his return.
He can't put LLC A as a schedule C because LLC B is the intermediary that owns LLC A.
I don't know if I can make this any clearer, but maybe there is something I am missing? I hope not because LLC B's return as well as the individual's has already been e-filed.