New Multimember LLC tax filing

[Sandman1xx]

My family has started an Air BnB business as a multimember LLC - do we file the business as a stand alone tax filing or do we each add a form to our personal income tax filings?

                                                               Thanks !!!  

[AnnetteB6]

Most likely the multi-member LLC was formed as a partnership.  If that is the case, the partnership must file its own Form 1065 return.  Then, each member of the partnership will get a K-1 to report their share of the income/expenses on their personal returns.

Take a look at the paperwork you received from the IRS when the multi-member LLC was formed.  The IRS paperwork showing the assigned Federal ID number will tell you what type of return is required to be filed.