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I have a 4-plex under an LLC for last 5 years. In 2017, I bought another 4-plex with the same LLC. Do I report this as a new rental property or can I add to existing 1?
I have an LLC for each rental property and I maintain a book for each LLC. However, I bought a 4-plex in 2017 that is next to another 4-plex I owned for a few years and used same LLC. Or do I need to treat this as separate rental property? Thanks.
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‎June 4, 2019
12:20 PM