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Business & farm
Thanks for that, it clears it up a lot that 1) there's no one way to report it, and 2) it's better not to simply put the LLC's net profit/loss but instead to make sure the LLC's categories of income/expenses are somehow visible, whether combined with the S corp's categories or on a separate statement. Appreciate your clarification!
‎December 18, 2024
2:30 PM