Can an LLC whose sole member/manager is another LLC with 2 members be treated as a multi-member LLC, if so, how should this be reflected in Turbo Tax member summary?

[Rick19744 · Accepted solution]

Based on your facts, the single member LLC owned by the multi-member LLC is deemed a disregarded entity for income tax purposes.  As such, it is treated as if the multi-member LLC had a division and all revenue, expenses, etc. of the single member LLC will just be reported on the multi-member LLC tax return.