I need to file Schedule C for LLC which is solely owned by my S-Corp (an LLC) of which i am the sole member/shareholder. I need Sch. C from LLC to file 1120s for Scorp.

[fishbiskits]

I need to file a Schedule C for an LLC which is owned entirely by another LLC (treated as SCorp by IRS) of which I am the sole share holder. In order to properly file, I need to produce the Schedule C showing profit and itemizations and showing that S-Corp is the sole owner BEFORE I can then turn around and produce the form 1120 S return. I seems that I can file the 1120 S in the TurboTax Business version (which I have just paid $170 for), but there is no way to produce a Schedule C.   I have been working in the "Self Employed" software, but I cannot find an option to show that the S-Corp is the sole owner, not me personally.   

I will also be filing for another LLC which is owned by me, so I need a Schedule C for that as well, which seems to be easy to do in the "Self Employed" software.   Along with the Business software, what other software can accomplish both of the above. 

[gehinious]

Are you trying to file a tax return for the LLC which is owned by another LLC, or are you trying to file a tax return for the LLC that OWNS the other LLC?  

If you are filing for the LLC that is not a S-corporation, and for which you are the sole member, then you fill out Schedule C on your Form 1040.  That LLC is treated like a sole proprietorship and is reported on your personal income tax.

If you are filing for the S-corp LLC, then you fill out Form 1120S, for which there is not a Schedule C, only a "Deductions" Section on the first page of the form.

Please add additional information if that did not answer your question.

[tiffkata]

So this was never fully answered and I have the same question. I have ABC, llc and its sole-owner is XYZ, Inc. ABC, llc is treated as a disregarded entity; I DO NOT want to change classification to an s-corp on this llc. How do I file "up" to XYZ, Inc (which is owned by 4 individuals)? What's the *business* version of a sched C, essentially?

[ScruffyCurmudgeon]

You just contradicted the point made;
ABC is NOT a disregarded entity because it is owned through XYZ by 4 not 1 principals.