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DC unincorporated tax return
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Reddiamond2020
Level 2
12-18-2021
10:35 PM
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Any one familiar with DC unincorporated tax return (D-30)? If the single member LLC, wholly owned by a S/C corporation (Although DC not admit S corporation), does this type of SMLLC need file D-30? If so, it seems double taxation, how will the member (C/S corporation) deduct the one already taxed at D-30?
Thank you so much.
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3 Comments 3
Reddiamond2020
Level 2
12-21-2021
12:59 AM
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Hi,
You know everything. So you meant SMLLC owned by S corps are free from the D-30, correct?
Thank you for the information.
Happy holidays.
sjrcpa
Level 15
12-21-2021
01:51 PM
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SMLLCs are disregarded for tax purposes, unless they elected to be taxed as a Corporation.
Their income and loss gets reported on the single owner's tax return. In your case the SMLLC info is included on the owner corporation's tax return.
I don't know everything.
Ex-AllStar
