If you are an LLC the IRS considers your LLC to be a disregarded entity. In that case, you will report your rental property on Schedule E not Schedule C.
Generally, rental property is reported on Schedule C when you provide substantial services, (hotel services) in conjunction with the property or the rental is part of a trade or business as a real estate dealer.
Your concerns very well will be resolved by reporting your rental activity on Schedule E.
Follow these steps to enter your rental in Schedule E.
- Sign in to your TurboTax account;
- Select the Wages & Income tab
- Scroll down to the Rentals, Royalties, and Farm Select Show more
- Select Start on the line for Rental properties and Royalties (Sch E)
- On the page Did you have any income from rentals or royalties? Check Yes.
- Select the Box for Rental property on the page What are you here to report?
- Follow the screen prompts to enter your rental information
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