MarilynG
Expert Alumni

Business & farm

If you and your wife are the only members of the LLC, you can report your Business Income and Expenses on Schedule C and choose 'Property Management' as your Business Activity.

The actual Property Owners will report their Rental Income and Expenses (such as your fees) on Schedule E in their return.

Click the link for a detailed article on Reporting Business Income and Expenses you may find helpful.

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