@RobertB4444
Let me preface this question by admitting that this is the first year I've owned this type of business structure and the first time filing a business return. It's definitely not for the faint of heart. :(
My Texas holding company is a partnership with my wife and I. As I mentioned before, the subsidiary Alabama LLC is a single member LLC with the Texas Holding LLC owning 100%. Turbo Tax Business is now wanting to file an Alabama Partnership return, which is in line with what you said. In the Federal Return I reference all income and expenses as belonging to the Holding Company LLC, correct? Do I need to continue to reference the Texas Holding LLC in the Alabama Partnership return? It's a tad confusing.
