I own LLC X. LLC X is a member of LLC Y. Where do I fill out the Schedule K-1 from LLC Y for LLC X? When I try to add a K-1, it won't allow anyone but me or my wife.

[Ashby · Accepted solution]

Your LLC X is a disregarded entity for tax purposes because it is a single member llc (SMLLC). Just enter the K-1 as if it were you own. I realize that the K-1 may have an EIN and "your" K-1 has your SSN, but again, the SMLLC is disregarded and it's really like you are receiving both K-1s.

[arlockff]

This is what I figured by my knowledge of SMLCC's but always good to double-check! Thanks 🙂