rjs
Level 15
Level 15

Business & farm

What question did you answer incorrectly? What answer did you give, and what should it have been?


If the issue is related to an LLC, is it a single-member LLC or multi-member?


If it is multi-member, are you and your spouse the only members? If so, what state are you in?


Has the LLC made an election to be treated as a C corp or as an S corp for tax purposes?


Did you report the LLC on Schedule C in your tax return, or did you receive a Schedule K-1 from the LLC?