schedule M-3 1065
Question:
An induvidual own 100% of "A LLc" (disregarded entity - form 1040)
"A LLc" own 50% of "B LLc" (partnership - form 1065)
Does the "B LLC" need to file the Schedule M-3?
From the instructions
who must file :
4. An entity that is a reportable entity partner with respect to the partnership (as defined under these instructions) owns or is deemed to own, directly or indirectly, an interest of 50% or more in the partnership's capital, profit, or loss on any day during the tax year of the partnership.
None of the other option (1 to 3) apply.
Thanks
Question:
An induvidual own 100% of "A LLc" (disregarded entity - form 1040)
"A LLc" own 50% of "B LLc" (partnership - form 1065)
Does the "B LLC" need to file the Schedule M-3?
From the instructions
who must file :
4. An entity that is a reportable entity partner with respect to the partnership (as defined under these instructions) owns or is deemed to own, directly or indirectly, an interest of 50% or more in the partnership's capital, profit, or loss on any day during the tax year of the partnership.
None of the other option (1 to 3) apply.
Thanks