Thank you Rick19744 (Champ ) for the valuable input! You are right , the Wy Holding LLC has two members ( me and my spouse) is a disregarded multi-member partnership. The AR LLC is a disregarded but single-member LLC ( membered by Wy LLC only). I am forming a new disregarded Maryland LLC (also single-membered by this Wy Holding LLC) to do rental biz in Maryland.
In the Post "Got stuck at 1065 form filing using Turbotax Business. Please help!", the TurboTax expert stated:
"The Maryland Admin Release No. 25 states that if an LLC has elected to be classified as a disregarded entity for federal income tax purposes, [it] will not have to file a separate Maryland income tax return." so it is confirmed my Wy LLC donot need to file Maryland state return.
The AR LLC filed "Annual Franchise Tax Report" this year; does the Wy Holding LLC need to file its own "Annual Franchise Tax Report" to AR, as well? AR LLC is the actual entity doing biz in AR, Wy LLC is just the holding entity.
Thank you again and best regards!
