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Level 2
December 7, 2019
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Am I correct in that a SMLLC 568 does not have a K1?

  • December 7, 2019
  • 8 replies
  • 52 views
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Best answer by Just-Lisa-Now-

You are correct an SMLLC does not issue K-1s at all.  

8 replies

Just-Lisa-Now-
Intuit Community Champion
December 7, 2019

You are correct an SMLLC does not issue K-1s at all.  

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
abctax55
Level 15
December 7, 2019

SMLLC info is reported on the appropriate schedule on the Form 1040 of the member (Sch C, Sch E, Sch F....)

HumanKind... Be Both
abctax55
Level 15
December 7, 2019
And as Lisa clarified....no K-1 is issued as the income/expenses are reported on the F 1040
HumanKind... Be Both