On which form is income from a single member LLC with one corporate (C corporation)owner reported?
A) Form 1120 used by C corporations to report their income.
B) Form 1120S used by S corporations to report their income.
C) Form 1040, Schedule C used by sole proprietorships to report their income.
D) Form 1065 used by partnerships to report their income.
E) None of the choices are correct.

Question

Quizplus · Accepted Answer

A single-member LLC owned by a C corporation is treated as a disregarded entity for tax purposes, meaning its income is reported on the C corporation's Form 1120.

On Which Form Is Income from a Single Member LLC