LLC partnership - Gain/Loss handling

amyonghwee · ‎February 19, 2024

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.

MinhT1 · ‎February 19, 2024

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

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MinhT1 · ‎February 19, 2024

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

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