single member llc and reporting stock sales individual ret

Technical topics regarding tax preparation.
#1
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262
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5-Jan-2015 4:01pm
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Seattle
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.
 

#2
Nilodop  
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18761
Joined:
21-Apr-2014 9:28am
Location:
Pennsylvania
For federal income tax purposes, a single-member LLC classified as a disregarded entity generally must use the owner's social security number (SSN) or employer identification number (EIN) for all information returns and reporting related to income tax.
. https://www.irs.gov/businesses/small-bu ... -companies
 


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