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Where do I claim 1099 INT paid to rental LLC EIN?
I have a rental within a LLC in which I use the Schedule E to claim the profits and expenses.
I opened a savings account for this rental last year in order to save for eventually replacing the roof and other repairs.
I just received a 1099-INT but under the company's EIN instead of my personal SSN.
Do I simply list this interest on Schedule B under Part 1, Interest, or does this go somewhere on the Schedule E? I could type out the EIN it is associated with on the payer's name line.
I've heard some claim a Schedule C but this isn't a sole proprietorship subject to the double taxation of the self employment tax. Please advise.
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‎February 14, 2024
9:07 AM