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Investors & landlords
If you are a single member LLC, then your rental properties should be included on Schedule E instead of Schedule C. The only way they should be on Schedule C is if you run like an AirBnB and provide additional services such as making them breakfast or housekeeping.
If you own standard rental properties where you have a tenant sign a lease, then your job is limited to property management, even if you created an LLC it would be reported on Schedule E.
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‎April 10, 2023
9:59 AM