Level 2

Smllc Holding Company

Forum|Forum|1 year ago
February 8, 2025
2 replies
11 views

If a SMLLC is a parent company to two other SMLLC companies, how would I go about filing a tax return without causing triple taxation. What forms do I file?

T

TaxGuyBill

Level 15

Have any of them elected to be taxed as a corporation?

If not, they are "Disregarded Entities". So disregard the LLCs and treat them as if the owner had that income.

E

ellapbAuthor

Level 2

None are being taxed as a corporation. They are all disregarded smllc's. Would we file three LLC returns or just one with the parent company and write off the expenses one just one sch c with all deductions and income recorded there? I have even seen some articles about marking the income as investment income? I am hopping to know the specific tax form to file and where on the return?

sjrcpa

Level 15

You put everything on the top SMLLC's owner's tax return.

If an individual, Sch C if business, Sch E if rental, Schedules B and D if investment, etc,

The more I know the more I don’t know.

abctax55

Level 15

I vaguely remember something about 'serial' LLC's. Maybe that's just a California thing, to override the $800 minimum tax at the lower levels.

Not sure if any of this helps with your situation.

HumanKind... Be Both

Sign up

Login with SSO

Let's get you signed in

Login with SSO

Scanning file for viruses.

This file cannot be downloaded