Question regarding income earned through an LLC related to rentals

If I have an LLC (sole proprietor) for rental agreements and receiving rent payments through it, should I classify this income as Business or Personal? Do I need to file this as Business income/filing, or can I include it in my Personal filing?

posted

That is self-employed business income. It gets reported on your tax return on schedule C. It will carry onto your personal return from there.

@Srinivas.usa

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I have inherited an oil well from my grandpa after he passed away. I have a 1099-MISC for 28.15 and pay severed mineral taxes of 30.78 and 34.02. not a rental property

in Investors & landlords

Expert does your taxes

Do it yourself

Resources

Support

Question regarding income earned through an LLC related to rentals