Taxpayer reports business activity (company A) on SCH C (single member LLC)
Company A has it's own EIN. Company A listed as partner of Company B. Company B issued K-1 1065 to Company A.
Does taxpayer report the income(loss) on Sch C or as K-1 1065 - note the K-1 has the Company A's EIN not the taxpayer?
Is there a 'crosswalk' for K-1 categories to a SCH C?
Thank you in advance.
DJ
Company A has it's own EIN. Company A listed as partner of Company B. Company B issued K-1 1065 to Company A.
Does taxpayer report the income(loss) on Sch C or as K-1 1065 - note the K-1 has the Company A's EIN not the taxpayer?
Is there a 'crosswalk' for K-1 categories to a SCH C?
Thank you in advance.
DJ
Comment