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I have a partnership that recently purchased and will own 100% of an LLC.
How should the target LLC file its taxes? I understand it cannot file as an S-corp because the shareholder is a partnership... But if it left as a disregarded entity, then what? Does it just get added to the partnership 1065? That does not sound right either...
How should the target LLC file its taxes? I understand it cannot file as an S-corp because the shareholder is a partnership... But if it left as a disregarded entity, then what? Does it just get added to the partnership 1065? That does not sound right either...