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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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‎April 8, 2025
6:50 PM