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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?
‎July 10, 2020
1:34 PM