- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@nanycooley07 wrote:
I called the accountant's office and was told that Schedule E's are not used with LLC's.
Your accountant is correct; multi-member LLCs report rental real estate income and expenses on Form 8825, not Schedule E.
Your K-1 should contain all of the information you need to prepare your individual income tax return and you will see an entry on Page 2 of your Schedule E for the LLC.
March 25, 2021
11:34 AM