Accountant-Man
Level 13
01-24-2020
09:51 AM
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When an entity owns a SMLLC, the income and expenses are not reported separately; they are combined in the owner entity's income and expenses.
Sort of like a division(LLC) of the parent company(1065).
So I say no EIN for the LLC unless it has payroll.
** I'm still a champion... of the world! Even without The Lounge.