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Get your taxes done using TurboTax
You might want to read through the article below, particularly the self-charged interest rules.
https://www.thetaxadviser.com/issues/2018/oct/loans-members-llcs.html
Regardless, net rental income is typically considered passive income and not subject to self-employment tax in any event, except in certain circumstances, Perhaps you can further explain your operating procedures with respect to the LLC and the exact nature of your involvement (and types of properties).
You could certainly benefit from guidance by a local tax professional.
March 10, 2021
8:15 AM