Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Re: Partnership Return Tax Filing

johnsmith1
Level 1

A Delaware partnership LLC that owns single-member LLCs (SMLLCs) treats each SMLLC as a disregarded entity for federal tax purposes.

  • You do not add each SMLLC separately; instead, combine their income, deductions, and credits into the partnership return (Form 1065).

  • Each SMLLC’s financial activity flows up to the parent partnership. Keep separate records for each SMLLC for internal tracking and state reporting if required.

[Content Removed]  We help partnerships properly consolidate SMLLCs into one partnership return, ensuring compliance with federal and Delaware rules while minimizing filing complexity.

0 Cheers