LLC receives income from another LLC

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06-10-2016, 10:42 AM

rac1014

Junior Member

Join Date: Jun 2016

Posts: 4

LLC receives income from another LLC

Hi, what are the tax consequences if an LLC1 (using cash method) receives income from another LLC2 (accrual method).

LLC1 is a partner of LLC2.

Also, how are guaranteed payments treated?

« Transfer to LLC then Sell | LLC Partnership managed by another LLC »

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