LLC partnership - Gain/Loss handling

amyonghwee — Tue, 10 Feb 2026 11:15:25 GMT

I have a LLC taxed as a partnership (LLC-1).

PartnerA 40%

PartnerB 25%

LLC (taxed as a C-corp) 35% (LLC-2)

Can I assign profit and loss for LLC-2 to be 0% ?

This LLC-2 is basically offering management services and receiving monthly guaranteed payment from LLC-2.

Re: LLC partnership - Gain/Loss handling

MinhT1 — Mon, 19 Feb 2024 20:06:21 GMT

Yes, only if there is such a special allocation of profit/loss agreed by all partners.