@Anonymous_ @Mike9241 Thanks guys. Sorry I wasn't more clear, hope this helps:
There are 3 LLCs:
LLC1: I own a single member LLC that is a TIC co-owner of the rental property
LLC2: I own another single member LLC that is used for the property management and collects management fees.
LLC3: Someone else owns a different LLC that is a co-owner of the rental property with LLC1
Before creating this post, I was expecting to put income/expense for LLC1 on Schedule E and LLC2 on Schedule C of my personal tax return. I am questioning if it's ok to show property management income for LLC2 and the corresponding expense for LLC1 on the same personal return.
There is no K-1 involved since none of the LLCs are partnerships. I'm just not sure if I should only be filing the income for LLC2 that corresponds to LLC3's % of the property management expense (and not LLC1's %) since LLC1 is also a disregarded entity owned by me (money in one pocket to another).
