But then it wouldn’t be a disregarded entity… Adding to my confusion is Kentucky’s Community Property Trust Act of 2020.Tried calling the IRS for clarification and talked with several accountants who said they didn’t know.

Let's discuss a few points:Tax Treatment of LLCs:An LLC can be taxed as a disregarded entity (reported on Schedule C of your personal tax return), a partnership, an S corporation, or a C corporation.

Maybe I should not have elected to be treated as disregarded entity and just dealt with the 1065? 

Total cost is around $5,000.NCH offered the following idea: Revocable Living Trust which owns a WY LLC for Property Management (S Election), another WY LLC for stock trading, and another WY LLC Disregarded (that holds the assets).

Yes those houses are still losing money, but having the additional properties certainly helps me keep them which I will until they have actually made me money (disregarding opportunity costs) even I have to keep them for 30 years.

@Jason K Green - Please disregard my message.  

It is considered to be a disregarded entity and all activity is reported on the Schedule E of his personal tax return. 

Disregard the comment I made of the new comers section.

What I see in everyday situations with myself is that people take issue with irrelevant things and disregard important ones and easy improvements which infuriates me to no end.

disregard the "I PUT"Still figuring out the mobile app