My LLC is filing Form 5472, but does that mean I personally also file Form 1040-NR?
I live in South Korea and own a Delaware single-member LLC. My preparer is getting ready to file Form 5472 with the pro forma Form 1120 because I had owner funding and reimbursements during the year. I assumed that if the LLC is filing something with the IRS, I probably also need a personal U.S. return.
Now I am hearing those are separate questions and that Form 1040-NR only matters if I personally had effectively connected income or another owner-level filing issue. I want to know if that separation is really correct.
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