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Where to record Rental income?
I'm using Turbotax Premier and working on the Federal Taxes Section. I am not a Real Estate professional, just have a few out of state rentals.
Should I be recording my rental properties under the Rental Properties and Royalties sections or under the Business Items?
I'm using 2 different property managers in that have issued me 1099-MISC to my LLC. The bank account which the property managers send the money to is under my SSN. Do I need to define my LLC in Turbotax or is it just a pass through
March 18, 2023
6:36 PM