My client has several LLCs that hold stock or equity investments. The LLC has it's own Tax Identification number. Each year the accounts owned by the LLC generate reportable dividends and capital gains. The LLC are owned by a single member.
The LLC is disregarded for federal tax purposes. My client reports the stock and equity transactions on his return and under his social security number. Is there a requirement that the LLCs tax identification be reflected on the form 1040 of the taxpayer?
If so, where is it reflected?
thank you.