Thanks, KrisD15. By real estate investments I mean Condos (apartments) and Single-Family home which currently are leased (that was the investment goal, so I guess it's what you meant by Schedule E)
For the last 4/5 years, since we acquired them (different acquisition dates for all), we have been filing them under our own name as "other incoming sources" in addition to our W2s.
I am aware having them under an LLC give us more protection from liability. However, I always wonder tax wise what's best.
For different reasons, 1 or more properties can have loss, which is not bad at all (tax wise). But again, I wonder if that's the best way to filing them or having them under the LLC give some other benefits other than the liability...
