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How can I account for my percentage of ownership (less than 5%) in an LLC that I received a 1099-MISC for? When I entered the data, there was no option for this.
I have 4.26786% ownership in an LLC with my family's farm. I received two 1099-MISC forms for the LLC as a whole, and have entered the necessary info into TurboTax. Now I am being taxed on the income of the entire LLC instead of my small ownership amount. How can I remedy this?
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‎April 11, 2022
7:54 PM