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Get your taxes done using TurboTax
Stop ... did you incorporate the LLC with the feds (since an LLC is a state designation ) ? Did you get the EIN as a corporation and was told to file an 1120 by the IRS ?
If you did not incorporate with the feds .... Is this a single member LLC or a multi member LLC ? Has the rental been reported on your personal return on a Sch E in the past ?
And was this corp just to MANAGE the rentals or did you actually transfer ownership to the corp ?
‎January 13, 2023
5:32 AM