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I own 10% of an LLC and receive a K1 from that LLC. I own 100% of another LLC that receives income from the LLC that I own 10% of .Where do I show the income for my LLC?
If I put my income for the LLC that I am the sole member of, it will restate my income twice since I already have it listed on the K1 section. Is there another area that I need to put in that income or expenses that I am missing? It does not look right to me.
‎June 4, 2019
9:19 PM