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1099k for LLC owned by husband and wife in community property state
My husband and I file a joint tax return. We live in TX and co-own an LLC. The LLC received a 1099 on it's TIN number. I understand that since we are in a community property state, the LLC can be a disregarded entity. However if we are to treat it as a disregarded entity, how do we handle 1099's issued on the LLC's TIN?
March 1, 2024
8:30 AM