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Pass through entities owned by a partnership
I am using TurboTax Business for the first time. I am a member of an LLC Partnership. The partnership owns two passthrough LLCs. Those LLCs each manage a rental property. I don't see the option to enter the property focused LLC accounting information and have it passthrough to the partnership LLC. How would I go about doing this? Do I create a new filing for each passthrough LLC (which then will ask specific rental geared questions to enter, and allow QuickBooks import)? Since they are passthrough, I'm not sure how or if that will work, but I can't find a way to do this in my partnership session. Any advice would be appreciated, especially since we plan to add more LLCs (each overseeing a property) in the future.
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‎January 30, 2021
1:02 PM