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Business & farm
@AmeliesUncle is exactly correct. The SMLLC owned by the multi-member LLC is treated as a "division" and all expenses, revenues are reported on the form 1065 prepared by the multi-member LLC.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎June 17, 2020
7:56 AM