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Where to report 1099-INT for multi-member LLC

What form should an LLC use to report an income received from holding Treasury Bills? In other words, if a multi-member LLC receives an 1099-INT form, where should the numbers be reported in the tax return forms?

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Where to report 1099-INT for multi-member LLC


@Tigran wrote:

What form should an LLC use to report an income received from holding Treasury Bills? 


Line 5, Schedule K of Form 1065 as that interest flows directly through to the members on their K-1s.

 

In TurboTax Business, there is a Line 5b for U.S. obligations (i.e., interest from T-Bills). 

 

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