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Updated almost 5 years ago,
LLC 1065 quick tax question
As a husband and wife with a partnership llc disregarded entity we are co owners and have 5 rentals that were acquired last year (2019). Do I need to file 1065 and issue each of us a K1 since we’re married? If so why, if not why? This whole tax situation is got my head spinning and sort of wish we had not done the llc... Thanks