RobertB4444
Expert Alumni

Business & farm

A single member LLC whose only member is a partnership is no longer a disregarded entity.  Disregarded entities can file however best works for them.  If an LLC is owned by a partnership then that LLC needs to show the partner's share of income and expenses and whatnot.  

 

I don't see why that can't be shown on the parent partnership's tax return since the LLC is a subsidiary.  Just make certain that you indicate clearly where the income moving from the LLC is so that I could see it if I needed to.  That way you avoid unnecessary questions later.

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