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My S Corp has 100% ownership of a subsidiary LLC. Do I just add the subsidiary's income/expenses to the parent company's on the 1120S or is there a form for subsidiaries?
And for that matter, do states have their own ways of approaching this matter? I mostly would like to figure out of TurboTax has a way of noting subsidiary income/expenses or if it's just simple math.
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‎June 5, 2019
3:26 PM