karen6121
Returning Member

Business & farm

I think I over complicated things.

Holding company is owned by 2 partners.

Subsidiary company is owned by Holding company. Subsidiary is pass-through entity so no tax return is needed since it flows into Holding company tax return Form 1065.

 

I fixed my error by reclassing the holding company contribution.

 

Your thoughts helped me to change my thinking and fix my problems! Thank you for your help!