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Business & farm
Yes as long as it is a single-member LLC the IRS will treat it is as a disregarded entity or the same as you. You would just add as an additional rental, just be mindful of the self-rental question in the TurboTax interview. This is not a problem as you will have to report the income so it must be fair market rental fees, but you do want to include the information. @streampaw
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‎February 23, 2023
5:01 PM