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Get your taxes done using TurboTax
No matter which state you live in if you got an EIN as a SMLLC then you just file a Sch E like normal as the SMLLC is considered a disregarded entity for tax purposes even if you file a joint return. In fact putting a rental into an LLC is really useless if you were using it to "protect" yourself from law suits. What you really need is a good insurance polity to protect your interests. There may be other items the state needs so PLEASE seek local assistance to get educated on all these matters.
‎August 5, 2021
10:18 AM