Distribution to parent LLC is income but not child LLC expense

[Alik Levin]

Dear all!

I have a company structure where a parent LLC owns children LLC's that own properties. When I look at the books that I manage via QuickBooks Online the distributions from children LLC considered as an income for parent LLC which is by design, the parent holding LLC doesn't sell anything rather makes money via distributions from children LLC.

The part I am confused is that from children LLCs perspective the distributions are not considered as an expense and not reflected in P&L rather in Balance Sheet. 

My worry is that I am taxed twice - once at children level LLC's since the distributions to parent not shown as expenses for children LLC's and second time I am taxed at parent LLC as the distribution from children LLCs considered as an income.

Bottom line - I see distributions in parent LLC P&L but I only see the distributions in Balance Sheet in children LLC's, not their P&L. Taxed twice?

Any insights and directions much appreciated.

Thank you

-Alik