snappson
New Member

Investors & landlords

So my real estate LLC would be on schedule E AND schedule C? The vacant land was purchased to rent out but I never had any interest and ultimately sold it for a profit. The tractor was used to clear and maintain the property but it was also used on other properties that I bought and held to rent out. Those are all on schedule E. I just don't know how to add this tractor asset to Schedule E without attaching it to a single property.