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How LLC is taxed on compensation
PETERLI
Apr 3, 2009, 09:10 AM
How will a member of a multimember LLC be taxed on compensation? Will they receive a 1099 or a K1 at the end of the year?
Thanks!
MLSNC
Apr 3, 2009, 06:30 PM
If the LLC is being taxed as a partnership, then the partners' income would be reported on a K-1.