I have a multi member LLC whose members are all solo401k or Roth IRA entities
We purchased rental properties and received a 1099-misc for rents which is not taxable income a retirement account.
I completed a 1065 for the LLC and have k1’s that show rents in box 1. How do I indicate this is a non taxable income to the members?
Code R in box 13?
Complete form 990-t?
TIA. Mike
