Devin
New Member

Business & farm

If your LLC is a single-member LLC, then you should report the K-1 on your own return. A single-member LLC is considered a "disregarded entity" by the IRS, so any activity of the LLC is treated as your personal activity.

However, if your LLC has other members, then you're generally required to file a partnership return for the LLC. The K1 would be reported on the partnership return for the LLC.