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Daniel Suarez
  • Fairfax, VA
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2 member LLC taxes question

Daniel Suarez
  • Fairfax, VA
Posted

I formed 2 llcs in 2019. One is for me a partner with a multi family and the other is for me and another partner for a single family.

My question is, for tax purposes do we need to do anything else other than just declare our income and loses individually? Or do we need to fill any special LLC forms out (someone mentioned something about k-1 and another form I don't recall)

Thanks so much in advanced. First time doing taxes with an LLC

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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
1,383
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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
Replied

@Daniel Suarez

I think You need tax returns for the LLCs-do yourself a favor and get an accountant to help you at least initially-it will be money well spent. 

  • Carl Fischer
  • [email protected]
  • 215-283-2868
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