Thank you DianeW777.
You are very helpful and your answer makes sense. I just want to clarify that I can just report everything on Schedule E like before, and nothing will be changed. Also I live in California and I need to file CA Form 568 (Limited Liability Company Return of Income) for the year of 2023. I need to report the rental income on this form and do I divide the total year income into half since I transferred my rental property to LLC in July?
Thank you very much!
