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LLC Question
I have 5 rental properties in their own LLC, and then a Master LLC over all of them. Do I have to do a tax return for each LLC or just the master LLC.
January 19, 2019
11:40 AM
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Get your taxes done using TurboTax
All of them. All 5 will issue a K-1 to the master LLC which the master will report on that return. Then the master will issue you a K-1 which you will report on your personal tax return.
This is assuming ALL LLCs are partnerships and/or have elected to be treated "like an S-Corp" for tax purposes only.
January 19, 2019
3:01 PM
1,027 Views