I have a SMLLC that is 100% owned by a multi member LLC. How do I show that on the Multi member LLC 1065?
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You combine the SMLLC's income and expenses with those of the multi member LLC and report the totals on the 1065. There is a question to answer on Sch B, too. You will also need to "consolidate" the balance sheets and eliminate intercompany items.
Thanks. The schedule B part was what I was missing most. I've done lots of SMLLC's but they have always been owned by an individual.
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