Business & farm


@usfacs wrote:

How do I also bypass filing 2 Schedule Cs and complete a 1065 and K-1 to see the dirrence in the 2 returns?


You cannot file two separate schedules, rather than a 1065 with associated K-1s, unless you hold your interests in the LLC as community property in a community property state.

 

See https://www.irs.gov/pub/irs-drop/rp-02-69.pdf

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