Which of the following cannot be taxed as a partnership?
A)An accounting PLLC
B)An LLC with only one member
C)An LLC owning only rental property
D)A partnership with no limited partners

Question

Quizplus · Accepted Answer

An LLC with only one member cannot be taxed as a partnership because partnerships require two or more entities or individuals to share in the profits and losses. A single-member LLC is disregarded for tax purposes and is typically taxed as a sole proprietorship unless it elects to be taxed as a corporation.

Which of the Following Cannot Be Taxed as a Partnership