FORGIN LLC

Hi,

LLC is owned by a forgin coporation that was registered in another country

What tax form do i need to use to report this LLC income tax.

Level 15

An LLC registered in the US has to file form 1065 for its tax return.

If it's elected to be taxed as a C-Corp, the tax return is form 1120.

If it's elected to be taxed as a S-Corp, the tax return is form 1120S.

This applies to all LLCs, even when owned by a foreign corporation.

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Level 2

Thank you!

One member LLC files schedule C of 1040. but this LLC is owned by one corporation that is registed in another coountry.

Level 15

You will need to file a Form 5472, which is not a form supported by TurboTax. More information about that form can be found HERE.

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