Thank you. Yes the LLC is taxed as a partnership.
One further question. Since the contribution made by the LLC is also deductible to the LLC, it seems to me the calculation of the maximum contribution amount becomes circular.
For example, original gross profit of the LLC is $100,000. Therefore, $12,500 (25% of $50,000) maximum contribution is made by the LLC for each partner. But then the $25,000 total contribution made by the LLC is also deductible to the LLC. Therefore the gross profit of the LLC now becomes $75,000 only. Would that make the original contribution exceed the maximum contribution amount now?