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Business & farm
A Single Member LLC is ignored for tax purposes.
So if it had $1000 of income, just report $1000 of income on the parent's 1065. If it had $500 of advertising, just report $500 of advertising on the parent's 1065.
So if it had $1000 of income, just report $1000 of income on the parent's 1065. If it had $500 of advertising, just report $500 of advertising on the parent's 1065.
‎June 3, 2019
6:29 PM