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Business & farm
Report it on your personal taxes. If you have a single member LLC, it is considered a disregarded entity and is reported on your personal tax return.
Your single member LLC income and expenses are reported on your Schedule C. The link has instructions
The K-1 from the other LLC gets reported on your Schedule E. The link has instructions
@CGAZ - You will need TurboTax Self-Employed to report both activities if you are using the Online version.
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May 14, 2021
10:35 AM