Do you mean disregarded entity?

And who is the owner oft the disregarded entity?

If it is an individual, report the K-1 on the 1040 as if the individual owned the K-1 entity.

This is a parent foreign corporation owning a domestic disregarded entity. The disregarded entity is an activity and should be the recipient of the K-1, not the parent. The partner on the K-1 is the disregarded entity. It reports on a consolidated return, but how do I show this relationship?

Report the K-1 on the consolidated return, as if the parent owned it.