I'm invested in a Partnership LLC through a Single Member LLC. I reported the K-1 from the Partnership LLC on my Schedule E. However, in applying for a loan, my lender stated that I should have a Schedule C for the single member LLC, and that Schedule C would report the K-1 income. That doesn't sound right to me. Does anyone have experience with this?
USA Invested in Partnership LLC through a Single Member LLC
- Thread starter samgrooms
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