ColeenD3
Expert Alumni

Get your taxes done using TurboTax

There are a couple of considerations. The first is whether your LLC is a Partnership or a Qualified Joint Venture.  If you live in a community property state, you qualify as having a QJV. If not, you will need to file a partnership return and will need the business program.

 

The second is that unless you are real estate professionals, you are not self-employed for Schedule C purposes. You would enter your income and expenses on Schedule E.

 

Please see this LINK for a detailed discussion.