G2R Posted yesterday at 06:32 PM Report Posted yesterday at 06:32 PM As the title says Married Couple's Revocable Trust Owns "Rental Property LLC" in a Common Law State. (So, No Community Property State, No QJV) Ignoring the trust part for a second, couple is then required to file 1165 partnership rtn because they are a multi member LLC. But there's always a monkey wrench that makes me go . Is the TRUST considered a single entity, so then the LLC is considered a disregarded entity and can forego the 1165, filing Schedule E direcly on the married couple's 1040? My gut says no, but maybe there's a legal element in play that someone's seen before? Quote
Lee B Posted 5 hours ago Report Posted 5 hours ago As long as the trust is revocable, wouldn't the trust be disregarded and the LLC be required to file an annual Form 1065? 1 Quote
Abby Normal Posted 3 hours ago Report Posted 3 hours ago If you have the EIN letter for the LLC, what form does it say the IRS is expecting? 1 Quote
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