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Taxable and nontaxable income to LLC

Ramlal
Level 1

LLC received income from Medicare for host home services. Are these incomes taxable for LLC? If it is not taxable, how do I report in pass through entity tax return?

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3 Comments 3
jeffmcpa2010
Level 11

I would need more information about the LLC to help you, 

Is there more than 1 owner of the LLC?

Has the LLC been filing as a Partnership?, or as an S-Corporation?

Just-Lisa-Now-
Level 15
Level 15
"host home services", do you mean difficulty of care payments paid through a Medicaid waiver program?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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qbteachmt
Level 15

You have to know who is living with the client. If the LLC really is an Agency with employees, then the LLC has business income. An employee might have some or all of their income under the provision to exclude it from income taxes. Both the Agency and the Employee cannot be living with the client full time, of course. If there are rotating employees staying with the client, and no one "lives in" then that does not qualify.

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