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M
mdndj2
Level 2
March 6, 2025
Question

Can an SMLLC which invests in another LLC 12% stake, $200K invested, received a K-1 for a $67K loss. Sch C or other steps?MARK GILL, CPA

  • March 6, 2025
  • 1 reply
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    1 reply

    sjrcpa
    sjrcpa
    Level 15
    March 6, 2025

    If the owner is an individual, and the SMLLC is using the default tax status of bring a disregarded entity then the SMLLC is disregarded. The K-1 is reported on the individual's return the same way it would be if it was issued to the individual.

    The more I know the more I don’t know.
      M
      mdndj2Author
      Level 2
      March 11, 2025

      thank you.  You confirmed my thought.

       

      MARK GILL, CPA

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