> If a single-member LLC does not elect to be treated as a corporation, the LLC is a "disregarded entity," and the LLC's activities should be reflected on its owner's federal tax return.
(emphasis mine)
That “if” is significant. As an SMLLC you can elect either C-corp or S-corp (pass through) status, and that changes things completely.
https://www.nolo.com/legal-encyclopedia/electing-s-corporati...
edit: article from the IRS itself (https://www.irs.gov/businesses/small-businesses-self-employe...)
> If a single-member LLC does not elect to be treated as a corporation, the LLC is a "disregarded entity," and the LLC's activities should be reflected on its owner's federal tax return.
(emphasis mine)
That “if” is significant. As an SMLLC you can elect either C-corp or S-corp (pass through) status, and that changes things completely.