- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Real estate rental income and expenses are entered in the Rental Properties and Royalties section of TurboTax Home & Business.
However, unless you and your wife hold your interests in the rental property as community property in a community property state (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin), you will have to file a Form 1065 for your multi-member LLC.
See https://www.irs.gov/instructions/i1065#en_US_2021_publink11392vd0e555
You might want to seek professional tax guidance for your scenario.
‎February 9, 2022
9:38 AM