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Get your taxes done using TurboTax
To balance them out since you both provide services to each business line, you could pay one business for the services provided by the other, in that way you accurately reflect the relationship between the two. Have one LLC issue a 1099 to ther other. Obviously, services would need to have been provided to explain the business expense of the one, and the business revenue earned by the other.
Kelly C.
CPA
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‎November 16, 2022
6:56 PM