DavidD66
Expert Alumni

Business & farm

I would not file a form 8825 for the MMLLC.  It doesn't own a rental property, so it should report rental income and expenses.  I would record all rent paid to the SMLLC and the MMLLC on the MMLLC's Form 1065 as income.  I am guesing tha you are the owner of the rental.  The MMLLC should issue you a Form 1099-MISC for whatever rental income they collected.  This will be a wash on the 1065 as they will record income and expenses for the same amount - the amount of rent collected.  

 

It would be easier to determine what you should do to report all of this with the following information:

 

  • Who owns the rental property?
  • Who owns the MMLLC
  • What did the SMLLC &/or MMLLC  do with the rental income collected
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