kf_7
New Member

I own a residential rental property and it functions under DBA. I converted it from DBA to LLC in July 2023. How do I report this on my 2023 tax return?

Should all income and expenses be reported under the new LLC?   Or should it be divided in half - first half of the year as DBA and rental royalties under 1040 form?   And then the second half of the year as LLC under the business section?