Simple answer if you don't like something ignore either by not reading it at all or by disregarding once you have read or partially read it.  

And if the LLC is not a disregarded enitity for taxes, do you get proper credit for the 1098?

I suppose willful disregard is an option too (I forget the legal term for that), though that is a risky endeavor too.

The LLC would be a "disregarded entity" from a US tax perspective.

Land Trusts are both "pass-thru" entities and "disregarded" entities, which means they are ignored for tax purposes. 

The sexy areas people often buy too late and disregard sleepy areas of the country, due to it not being popular etc...If you change the way you look at things, the things you look at change right before your eyes!!  

For tax purposes, we intend it to be disregarded entity. 

So since single member LLC's are disregarded, then LLC #1 is disregarded and it all passes to LLC #2, which is also disregarded, then on to my personal Schedule E right?

I have am the sole partner and registered as a disregarded entity.I created the LLC in Nov of this year (2011).

,Yes, you should have an EIN number for the general partnership, you can get one online very quickly. https://sa1.www4.irs.gov/modiein/individual/index.jspRead this: http://www.irs.gov/publications/p535/ch07.html#en_US_2011_publink1000208919sorry: I took 11 minutes this time,-StevenSteven Hamilton II, for some reason I was thinking that the same EIN could be used for the partnership AND the LLC taxed as a partnership as long as the LLC carried on the same business, took all the assets, etc...The LLC is just a disregarded entity for tax purposes and there has been no change in the business as far as the IRS is concerned.