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Business & farm
Ok ... well an LLC is not the same thing as just a plain Sch C sole prop even though they use the same forms ... so if the income is being reported in the LLC's name & number then the income & expenses do go on the Sch C. The IRS will be able to follow the K-1 flow to the Sch C and not expect it on the Sch E.
‎June 6, 2019
7:29 AM