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Updated almost 8 years ago,

User Stats

93
Posts
23
Votes
Saran Mandhadapu
  • Devon, PA
23
Votes |
93
Posts

Partnership Return 1065 -- Form 8825 question - HELP!!

Saran Mandhadapu
  • Devon, PA
Posted

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

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