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Deductions & credits
@seanjoe , whether you put your rental property( ies ) under an LLC has nothing to do with taxes --- it is more for legal protection ( please talk to an attorney as to the advisability of such ).
You generally repost your rental income etc. on schedule-E -- here you reconcile your rental income, all expenses related to this income stream. You also need to use depreciation. TurboTax will do all that for you.
Do you need more help on this subject ?
‎December 4, 2024
1:03 PM
14,109 Views