pk
Level 15
Level 15

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