ThomasM125
Expert Alumni

Deductions & credits

If you are a single-member LLC you would report your rental income on your personal tax return schedule E as follows:

 

On the screen that says Review Your (name of rental) Rental Summary, you need to click on the option that says Vehicle Expenses. In that section you will see an option to enter your vehicle information. You will see the review screen after you enter the basic information for your rental property.

 

 

{edited 3/25/24 at 4:21 PM PST] @mcieric 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"