RobertB4444
Expert Alumni

Business & farm

Yes, @saldirj is correct.  The interest income from a checking/savings account owned by a disregarded entity is reported on Schedule C, not the Schedule B of your personal return.

 

That being said - a disregarded entity is only a viable plan if it is operating at a breakeven or a loss.  Disregarded entities are a bad idea if it is earning a profit.

 

@adm_archery

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