topic Do I consolidate a single member LLC into the parent, if the sole member of that LLC is a LLC as well? in Business & farm

Do I consolidate a single member LLC into the parent, if the sole member of that LLC is a LLC as well?

jdkeeler712 — Tue, 04 Jun 2019 21:18:19 GMT

I am the single member of an LLC. that LLC, in turn is the single member of another LLC. Do I consolidate the two and file 1 return? Or must I file two separate returns?

Is one of these LLCs incorporated ?

Critter — Tue, 04 Jun 2019 21:18:21 GMT

Is one of these LLCs incorporated ?

Both. One in Wyoming, one in Idaho

jdkeeler712 — Tue, 04 Jun 2019 21:18:22 GMT

Both. One in Wyoming, one in Idaho

You have 2 separate returns to do ... if these are S-corp...

Critter — Tue, 04 Jun 2019 21:18:23 GMT

You have 2 separate returns to do ... if these are S-corps then complete the child's return first then the parent's.