On Which Form Is Income from a Single Member LLC

question 22

Multiple Choice

On which form is income from a single member LLC with one corporate (C corporation) owner reported?

• A) Form 1120 used by C corporations to report their income
• B) Form 1120S used by S corporations to report their income
• C) Form 1065 used by partnerships to report their income
• D)Form 1040, Schedule C used by sole proprietorships to report their income
• E)None of these

---

Definitions:

Stages

Discrete phases or steps within a process or development sequence, each characterized by particular features or outcomes.

Teams

Groups of individuals working together towards a common goal, having complementary skills and collaborating for a shared outcome.

Groups

Collections of individuals who interact with one another, share similar characteristics, and collectively have a sense of unity or identity.

Challenges

Difficult situations or obstacles that require effort and determination to overcome.