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Returning Member
posted Jun 23, 2020 6:38:37 AM

Disregarded entities

The LLC owns a disregarded entity, i.e. the LLC is he only member of another LLC.

How do I report it in Turbo Tax business? 

Thank you 

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1 Replies
Level 15
Jun 23, 2020 8:23:09 AM

You can select disregarded entity (DE) in TurboTax Business when you enter the information for the single-member LLC in the Partner/Member Information section of the program (see screenshot).