jjm-cffsllc-com
Level 1
04-03-2024
06:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Does a 1041 have to be filed with the LLC income or can the taxpayers include the LLC income via K-1s?
Labels
IRonMaN
Level 15
04-03-2024
07:04 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
A two member LLC generally means a partnership return needs to be filed. As far as trust reporting goes, an irrevocable trust requires to be reported on a 1041 but a revocable trust is treated as if the taxpayers still own things personally.
Slava Ukraini!
