Hi, I have two LLCs formed - one is Traditional LLC for Rental Management & the other is Series LLC for rental properties. The member/manager for the LLCs is a Trust. The Trust have grantor/beneficiaries as myself. So for Tax filing do I need to file 1065 form or can I still file it under 1040 Schedule E. I know they consider such LLC's where if the trust have grantor/beneficiaries as husband/wife then it is considered as disregarded entity. So if LLC's are disregarded entity then is there a need to file 1065 ??
Some CPAs suggest 1065 some say 1040 Schedule E is ok? So which one is considered for such LLC entity structuring ?