Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Re: Can an SMLLC which invests in another LLC 12% stake, $200K invested, received a K-1 for a $67K loss. Sch C or other steps?MARK GILL, CPA
Can an SMLLC which invests in another LLC 12% stake, $200K invested, received a K-1 for a $67K loss. Sch C or other steps? MARK GILL, CPA
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
2 Comments 2
sjrcpa
Level 15
Thursday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If the owner is an individual, and the SMLLC is using the default tax status of bring a disregarded entity then the SMLLC is disregarded. The K-1 is reported on the individual's return the same way it would be if it was issued to the individual.
The more I know the more I don’t know.
