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Filing LLC tax return when one of the members is a trust that has 3 members
one of the members of the LLC is a trust that has 3 members, all equal owners of the trust. Do we need to declare each member of the trust as as an owner of the LLC? so turbotax will issue a k-1 to each individuals SSN?
Or do we add the trust as an owner/member? and if so, since turbotax will only issue 1 k-1 in that instance, how does each individual declare it on their tax return?
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March 7, 2021
4:34 PM