MinhT1
Expert Alumni

Business & farm

If the single member LLC has not elected to be treated as a corporation, it is a disregarded entity for tax purposes. Its income and expenses are reported on the tax return of its owner.

 

Please read this IRS document for more information.

 

So even though your rental property was put under a Single member LLC in February 2020, you still report the rental income and expenses in Schedule E of your tax return.

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