qbteachmt
Level 15
02-18-2025
11:43 AM
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"NY recognizes tenancy by the entirety for real property"
Which doesn't apply to the operations, and wouldn't apply to real property, when the LLC is owned by the trust. If your taxpayers were filing separately, that's when they would split reporting the trust info, which is passthrough, right?
As Bob first stated, the only real tax entity is the MFJ.
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Don't yell at us; we're volunteers