taxboy
New Member

Business & farm

got it. the partner is my brother. and yes this is not a corporation. and yes the structure is like a partnership. we just didn't set it up technically as a Limited Liability Partnership but rather an LLC. (not that we shouldn't have).

so i file the 8825 regardless. do i then issue my brother a form with the 50% of the net gain or loss for the year? is the what the schedule E is?