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

S Corp with 4 dba LLC companies

maui doug
Level 3

My client has a S Corp with 4 dba LLC companies under the S Corp

How do i enter these 4 separate Profit & Loss statements in the 1120S tax return

3 Comments 3
rbynaker
Level 13

You don't.  Assuming these are all single-member LLCs that are disregarded entities I would consolidate them in a spreadsheet first and then enter the totals on the 1120S.  These may or may not constitute separate activities for QBI reporting purposes so you might have to do something squirrelly with that.

Rick

maui doug
Level 3

So add all the totals together and enter them on the 1120S.

Thank you!

sjrcpa
Level 15

Yes. And eliminate the intercompany items, if any.


Ex-AllStar