Hi @Critter-3 - Yes I did incorporate the LLC and have an EIN. It is a multi-member LLC with my wife and me. The rentals were reported on a Sch E in the past years and also have form 8582 passive loss that carried forward. I also transferred the loans to a Business loan and moved the titles of the properties to the Business. While entering Business taxes for this LLC I am not seeing the option to transfer the passive loss anywhere and am concerned that I might lose this as the property will now fall off from my personal taxes as the income and expenses are reported on the K1 and it is not recorded on my TT Business tax for the LLC. I am using TT Business for the LLC and TT Premier for personal taxes. I would really appreciate a response if anyone has addressed this situation.
