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Updated almost 8 years ago,
Partnership Return 1065 -- Form 8825 question - HELP!!
Hello,
I have a holding company LLC with two members as Partnership.
I have one property purchased in the name of another single member LLC (for ex 123 Main LLC) with the single member being the Holding LLC (100% owner is holding LLC).
I also formed another LLC (dummy LLC) as a single member being the Holding LLC (100% owner is holding LLC). This dummy LLC has not purchased any properties in 2016 and does not have any income but has expenses of $275 (LLC formation expenses)
Total 3 LLC's, out of which 2 are single member dis-regarded LLC's and one is partnership holding LLC.
Question:- I am preparing Partnership return 1065 for the Holding LLC, how do I list the dummy LLC in form 8825? What address do I list for this LLC because this LLC does not own any properties at this time, so no income but with an expense of $275 for 2016.
Appreciate your quick response.
Thanks,
Saran