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Reporting LLC with single member in corporation in foreign country
Reporting LLC with single member in corporation in foreign country
If an LLC's single member is a corporation in a foreign country, how should the LLC's business transaction be reported, using 1120-F? That corporation did not register as a foreign corporation in Washington state.
I think I found the answer by myself. On page 2 of 1120 instruction, it says, "a single-member LLC reports its income on iths owner's federal income tax return."
Thus, the owner-foreign corporation should file Form 1120-F.
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