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October 15, 2019
Question

Loss from an LLC feeds into the partner S-corp, then into Schedule E, 1040. When added, the losses seem duplicated, vs. reflecting the carryover. How can this be fixed?

  • October 15, 2019
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1 reply

Employee
October 15, 2019

Could you provide more details? How are you entering the information? 

 

Only single-member LLCs are eligible to be shareholders in an S corporation (since they are disregarded entities) so you should be getting a K-1 from the S corporation and entering the information from the K-1 issued by the S corporation into your federal income tax return.