Mark816
New Member

Business & farm

If the LLC is owned by an S Corp and is treated as a disregarded entity or Single-Member LLC, does the S Corp pay the tax (if needed) or does the income/loss of the LLC and the S Corp pass through to the individual owners of the S Corp?

 

If this is correct, the LLC provides a schedule K to the S Corp and the S Corp provides a K-1 to the individual owners. Please confirm?