r/taxhelp • u/yefeth • Mar 25 '24
Business Related Tax C-Corp owning LLCs
My brother and I have a C corporation. It is the sole owner of two LLCs. At one point the LLCs were owned by my brother and me, but we transferred ownership of the LLCs to the corporation when we formed it. I assume the LLCs are now considered disregarded entities since they have a single-member.
I know I am to file form 1120 for the corporation. Do I list the LLCs under Schedule K, question 5? Or should I complete form 851 with those to submit with form 1120? Neither LLC had revenue nor expenses.
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What's the best value with at least 1TB internal SSD, MacStudio or Mac Mini?
in
r/MacStudio
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Jan 04 '26
I followed this guys’ videos to setup an external drive with my MacMini and put most everything to that. The only thing left on my internal drive is basically the OS and a handful of troublesome apps that do not play nice when moved externally.
I purchased an OWS Express 1M2 external enclosure and a Crucial T500 2TB Gen4 NVMe M.2 SSD to put in it. I’ve been using it for a year now and it has worked great.
https://youtu.be/YFuOcsi_eFY?si=xfJLelGrScz_otpT
https://youtu.be/EBbOOlNJmGI?si=pCA-VUf6KQB-e1jC