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Get your taxes done using TurboTax
if title is in your name the corp/llc doesn't own it. report the rental on Schedule E. if the title is in the name of an S-Corp, which is the worse way to own rental property, then all income and expenses before the title was put in the Corp's name goes on your schedule E, after that the rental is reported on the Corp's return. The TT for individuals will not prepare an S Corp return. you need TT for business which can only be installed on a full windows 10 computer. is there a mortgage? transfeerrinf title from yourself to an LLC can cause issues with the lender. who is the borrower on the mortgage documents. perhaps you should consult a pro, to avoid misfilings on your personal and corporate returns.
‎January 17, 2021
8:58 PM