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Level 1
December 6, 2019
Solved

I use Lacerte. How & where in Lacerte do i report the Name & EIN of the single member LLC that is 100% owned by the partnership?Thanks

  • December 6, 2019
  • 13 replies
  • 45 views

I realize that the income, expense, gains, & losses of the single member LLC, disregarded entity are reported on the owner's tax return, in my cas a partnership. Schedule B of 1065 describes partnerships that have ownership interests in corporations, other partnerships, or trust. My partnership owns a single member LLC, disregarded entity with Name & EIN that should be reported somewhere on the owner's, partnership, tax return.

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Best answer by TaxGuyBill

Nowhere.  There is no need to enter the EIN of the disregarded entity on the Partnership return.

13 replies

December 6, 2019

Nowhere.  There is no need to enter the EIN of the disregarded entity on the Partnership return.

Level 8
December 6, 2019
Bill, what about on the 1040?
George4Tacks
Level 15
December 6, 2019

If there is a separate filing, such as in California for the form 568, it would be shown on that form. 

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