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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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‎July 10, 2020
1:58 PM