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Moved rental property to LLC (2 members, not married) during 2022. Do I have to report income on personal tax for partial months and rest on LLC?
Owned rental with a friend and moved that in March under TX LLC (both myself and friend).
- Do we report 2 months income and expense as rented for 60 days personally and let LLC show rest of 10 months?
- Do I show it as sold or disposed of or not on my personal?
I know that Schedule K will need to be added from LLC as gain or loss, but not sure how to handle first 2 months income.
‎April 5, 2023
4:47 PM