BobKamman
Level 15
04-13-2024
01:55 PM
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Are you trying to make apple sauce from oranges, or marmalade from apples? Your post suggests that the K-1 shows a loss, which indicates it was set up to be taxed as a corporation, then elected S status. Its business is the same as the one shown on the Schedule C? The Schedule C has other income not received from the LLC activities?
Let me guess, someone went to a seminar.