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Multi-member LLC is owned by two LLC members, do I need to file state taxes
I have a multi-member LLC (not a S Corp) that is owned by two members which are both LLCs, both S Corporations and are located in two different states. The revenue for the multi-member LLC will flow through to the owners and will be reflected on the 1120-S for each member LLC owner. The question I have is, do I need to file state returns for the multi-member LLC in both states where the members are located?
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March 5, 2022
9:51 AM