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Level 2
April 14, 2023
Question

I have an s-corporation that owns 2 LLC's. Where do I enter the information for the respective LLC's so the information will flow into the 1120S?

  • April 14, 2023
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1 reply

Level 4
April 14, 2023

Hi, 

For SCorporation module, you can enter the K-1s from Schedule K > Passthrough K-1s.

Level 2
April 14, 2023

Just to be clear - these are disregarded entities so they would not have a traditional K-1. Are you simply saying to just enter the information in this section?

Level 15
April 14, 2023

@progressconsulting wrote:

 these are disregarded entities


 

 

Then do that - disregard them.  Treat it as if the owner (the S-corporation) earned the income and had the expenses.