On Which Tax Form Does a Single Member LLCs with One

question 47

Multiple Choice

On which tax form does a single member LLCs with one individual owner report its income and losses?

• A) Form 1120
• B) Form 1120S
• C) Form 1065
• D) Form 1040, Schedule C

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Definitions:

Conversion Ratio

The specific number of shares an investor can receive for every convertible security if they decide to convert it into stock.

Convertible Bond

A type of bond that can be converted into a predetermined number of the issuer's shares, typically at the option of the holder.

Shares of Stock

Units of ownership interest in a corporation or financial asset, allowing the holder to a part of the corporation's profits.