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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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‎June 1, 2019
8:44 AM