First, we would need a bit of clarity on what you mean by real estate investments.
Is this for rental on Schedule E or as a business on Schedule C or only investments?
Next, an LLC is a state recognized business entity, but you need to also choose a tax filing entity.
An LLC can be a Partnership or S-Corp. If you are neither of these, you file as a sole-proprietorship, and that means Schedule C or Schedule E.
Having an LLC can give you more protection from liability. If you file as a Sole-Proprietorship, the tax liability flows to the taxpayer. Self-Employment tax is also calculated for the individual listed as owner of the LLC so only the owner gets their Social Security Account funded if Schedule C is used.
Can you provide additional details concerning the real estate and your tax filing entity?
Did you file for these investments last year? If yes, how?
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