ColeenD3
Expert Alumni

Business & farm

If you formed a single-member LLC (or two member LLC if both members are married and filing a joint return), it will not affect how you would ordinarily file without the business. Since the IRS sees your LLC as a disregarded entity, you still report your rental income & expenses on SCH E using TurboTax Premier.

 

Unless you have non-rental related income/expenses in your LLC, you have nothing to report for your LLC and a SCH C is not required.