DianeW777
Expert Alumni

Business & farm

Yes, they are the same real estate investment activities. Since you are the same or sole operator of both businesses and if your LLC is a single member LLC (SMLLC) then the location of the properties doesn't really matter. This would involve all of the same work and business activity.

 

As indicated this should all be reported on one Schedule C or Schedule E, as the LLC would be a disregarded entity for IRS (tax) purposes.

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