You'll need to sign in or create an account to connect with an expert.
No, unless both members are married and in a community property state, your LLC should file a partnership return unless they elect to be a corporation. The Partnership would issue a Schedule K-1 which is entered on the individual return. If you had unreimbursed office expenses, you would associate with the K-1 income and include the 8829.
No, unless both members are married and in a community property state, your LLC should file a partnership return unless they elect to be a corporation. The Partnership would issue a Schedule K-1 which is entered on the individual return. If you had unreimbursed office expenses, you would associate with the K-1 income and include the 8829.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
cos1337
New Member
fjordlander65
New Member
coolcoke2008
New Member
ChemCorr
New Member
atn888
Level 1