userbrent
Level 1
09-13-2022
06:56 PM
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Hi sjrcpa,
Can you help with my question? Suppose my client has a parent company that is an LLC taxed as a partnership and they have a subsidiary company 100% owned by the parent company. Do I just combine the income and expenses of the subsidiary into the parent company (consolidate)? If so, do I report the EIN or anything about the subsidiary in the parent company's 1065?
Thanks for any help!
Brent