HOW DO I FILL OUT A 1065 FOR A MULTI-MEMBER LLC WHICH IS A HOLDINGCOMPANY TAXED AS PARTNERSHIP WHICH OWNS A SUBSIDARY ANOTHER LLC(SINGLE-MEMBER) THAT HAS RENTAL INCOME. JUST NOT SURE WHER TO PUTTHE RENTAL INCOME FROM THE SUBSIDARY.
1) SHOULD I FILL OUT FORM 8825 ON 1065?
2) SINCE THE RENTAL INCOME WAS PAID TO THE SUBSIDIARY, HOW DO ISHOW WHICH COMPANY THE INCOME IS COMPANY FROM ON THE 1065? THE1065 IS UNDER THE HOLDING COMPANY SINE IT'S MULTI MEMBER (2MEMBERS).
3) I RECEIVED A 1099-K FOR RENTAL INCOME UNDER THE SUBSIDARY'S NAMEFROM JAN - MAY OF 2024.
4) THE REST OF THE RENTAL INCOME JUNE - DECEMBER 2024 WAS PAID UNDERMY PERSONAL NAME.
THE SMLLC DOES NOT OWN THE RENTAL PROPERTY HOWEVER, A PART OFTHE RENTAL PAYMENT (January - May) WAS MADE TO THE SMLLC (the subsidiary) AND A PART WAS MADE UNDER THE OWNERS NAME (June -December) SO NOW I'M NOT SURE IF I NEED A SCHEDULE E FOR THE PAYMENTUNDER THE OWNER'S NAME. ALSO, CAN I TECHNICALLY PUT THE RENTALINCOME PAID TO THE SUBSIDIARY FOR (January - December) ON THE 1065WHEN THE SUBSIDIARY NOR THE HOLDING DOES NOT LEGALLY OWN THE RENTAL PROPERTY. BEAR IN MIND, THE HOLDING WAS CREATED TO HOUSE
THE SUBSIDIARY WHO WOULD IN TURN COLLECT RENT FOR THE RENTAL
PROPERTY. HOWEVER NO LEGAL PAPERWORK SHOWS RHAT THE SUBSIDIARY
OR THE HOLDING COMPAY OWNS THE PROPERTY. AGAIN THE HOLDING
COMPANY IS A PARTNERSHIP AND THE SUBSIDARY IS A SMLLC. JUST WANT TO
KNOW:
1) IF I CAN PUT THE (Jan - May) INCOME ON THE 1065 (although the SMLLC does
not own the rental property)
2) IF I'M GOING TO HAVE TO PUT THE (June - December) INCOME ON
SCHEDULE E
JUST THE GRAY AREA OF THE OWNERSHIP OF THE RENTAL PROPERTY.... IT'S
STILL IN THE OWNERS NAME AND NOT IN THE NAME OF THE HOLDING
COMPANY OR THE SUBSIDIARY
