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Level 2

LLC Question

I have 5 rental properties in their own LLC, and then a Master LLC over all of them.    Do I have to do a tax return for each LLC or just the master LLC.

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Accepted Solutions
Level 15

LLC Question

All of them. All 5 will issue a K-1 to the master LLC which the master will report on that return. Then the master will issue you a K-1 which you will report on your personal tax return.

This is assuming ALL LLCs are partnerships and/or have elected to be treated "like an S-Corp" for tax purposes only.

 

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1 Reply
Level 15

LLC Question

All of them. All 5 will issue a K-1 to the master LLC which the master will report on that return. Then the master will issue you a K-1 which you will report on your personal tax return.

This is assuming ALL LLCs are partnerships and/or have elected to be treated "like an S-Corp" for tax purposes only.

 

View solution in original post

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