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How to report Guaranteed Payment Received
I have a LLC taxed as a partnership (LLC - A). Among the partners, it has a management LLC (LLC - B) , taxed as a C-corp. Every month, LLC-A will pay LLC-B a fixed sum of monies for guaranteed payment. How should I report this in LLC-B tax returns ? Income ??
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‎January 26, 2024
3:52 PM