userbrent
Level 1
09-13-2022
05:21 PM
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The parent LLC has two individual members. The subsidiary LLC only has the parent LLC as a member. I am not sure how to enter this in Proconnect.
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George4Tacks
Level 15
09-15-2022
10:15 AM
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Include the income & expense of the subsidiary in the return of the parent. SMLLC is a disregarded entity and can therefore just be reported in the parent.
I would attach a note to the return that all income & expense of xxxxx with ein YYYY is included in this return.
Answers are easy. Questions are hard!
