ddoggy
Level 3
04-17-2023
01:31 PM
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The business owner has an LLC in the U.S. and sells products abroad. In 2021, the business reported all expenses and sales through the LLC. In 2022, he operated a store abroad (not incorporated abroad) and generated a loss. Since he has separate books now, Form 8858 (Information Return of U.S. Persons with respect to foreign disregarded entities and foreign branches) needs to be filed. I do not see this form available in ProConnect.
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