sjrcpa
Level 15
04-01-2024
02:34 PM
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Yes.
No. Schedule C is only appropriate if this was a business. Having something titled in the name of an LLC does not make it a business.
SMLLC disregarded for tax purposes means it is disregarded for tax purposes. You make believe it had John's name on it instead of John LLC.
The more I know the more I don’t know.