PatriciaV
Expert Alumni

Business & farm

Return to the rental property profile for the LLC. On the page "Is this a rental property or royalty?" did you enter a Texas address for the LLC? The actual property address is the best choice.

 

If this doesn't affect the California return, go to California Sch E Wks in Forms Mode. Under Line 1, check to see if there is a link to SMLLC Form 568. If so, you may be able to break this link (delete the entry).

 

Note that if you have not purchased a rental property for the LLC or haven't actually listed a property for rent, you may want to wait to report this activity until next year. Startup costs for rental activity is amortized over at least 180 months, starting on the date the property is listed for rent.

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