EleanoreS
Employee Tax Expert

Get your taxes done using TurboTax

Your LLC is considered to be a disregarded entity for tax purposes unless you have elected to be treated as a subchapter S corporation.  If your LLC is a disregarded entity, you would enter the Schedule K-1 on Schedule E.

 

Note that K-1s issued to a LLC that is a disregarded entity should have box H2 checked stating that the interest is owned through a disregarded entity (DE) and the partners name and social security number should be entered.

 

Here is a link to a TurboTax video on how to enter a Schedule K-1.

 

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