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Investors & landlords
@harink5 , unless you choose to do different, a single member LLC is a dis-regarded entity for tax purposes. Thus you prepare a Schedule-C / Schedule -E to cover the incomes and expenses of the rental properties. The choice is of the forms is based on whether you are a real-estate professional ( i.e. you spend a lot of time and large part of your in come comes from rental ) or you are just an active landlord. Most people even with multiple rental properties still use Schedule-E for tax purposes while the LLC is for legal protection.
Is there more I can do for you ?
March 3, 2025
6:13 PM