That explanation is quite clear, Thank you. Another question about personal income, since I don't have any other personal income except the rental income which I receive 1099 misc form once a year. I filled schedule C for the cost. Will this go to S corp to report income or fill in a personal income tax return? I used to use LLC(own one personal) to report tax return but this year I plan to use Scorp so that bring up these questions.
