DavidS127
Expert Alumni

Business & farm

If the single-member LLC is owned by a corporation or partnership, the LLC should be reflected on its owner's federal tax return as a division of the corporation or partnership.  See this IRS web page for more on single member LLC taxation.

 

So, there is no K-1 from a disregarded entity; its income and expenses are reported on the return of the owner, be it an individual, a partnership, or a corporation.

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