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Business & farm
That is correct since it is a disregarded entity for federal income tax purposes.
However, there may be some required state reporting with the Secretary of State so definitely check that out.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
March 15, 2024
2:49 PM
2,169 Views