renealy1
Level 1
‎12-07-2019 03:23 AM
 
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abctax55
Level 15
‎12-07-2019 03:23 AM

SMLLC or MMLLC?

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

View solution in original post

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IRonMaN
Level 15
‎12-07-2019 03:23 AM
So many flavors to choose from :smile::smile:

Slava Ukraini!
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Marc-TaxMan
Level 8
‎12-07-2019 03:23 AM
IRS has no LLC Form.  Federally, LLC is either taxed as Partnership (yes, 1065) or Corp (1120), UNLESS it's SMLLC when it goes on 1040 Sched C.
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sjrcpa
Level 15
‎12-07-2019 03:23 AM
"UNLESS it's SMLLC when it goes on 1040 Sched C." or E or F, or 1120 or 1120S if electing to be taxed as such.

Ex-AllStar
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Marc-TaxMan
Level 8
‎12-07-2019 03:23 AM
Thanks for the add-on
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