TaxGuyBill
Level 15
09-21-2021
03:15 PM
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@taxprepper wrote:
- The multi-member LLC issues 1 K-1 to client's single-member LLC.
The multi-member LLC should have issued the K-1 in the name and SSN of the individual person, NOT the name and EIN of the LLC.
The taxpayer should make sure that is corrected, at least for next year.