It was purchased in the name of the LLC from the beginning.
So you're saying that the name of a living, breathing person is "NOT" listed on the ownership deed for the property. If so, you will not report anything what-so-ever on page 1 of the SCH E on your personal tax return. Absolutely nothing. You can't report/claim on your personal return, that which "YOU" do not own in your own name. The LLC owns the property - not you personally.
Now if you registered the MMLLC as an "active" business in 2019, then you need to file a partnership return. The SCH E will be a part of that 1065 partnership return showing zero income and that the property "was" available for rent on or before Dec 31 of the tax year.
Property improvements are entered in the Assets/Depreciation section and depreciation starts on the "in service" date, which is the earliest date a renter "could" have moved in.
If the property was "NOT" in service on or before Dec 31, 2019 then you will file a zero income 1065 return with "NO" SCH E included. It'll just be a very basic return showing zero income for the business, and that's all.
Do note however, that regardless of how you file this, not one penny of your expenses will be "allowed", even though you still claim them. You can only deduct passive rental expenses from the passive rental income. That can't occur until the tax year the property is actually "in service" and available for rent. For property improvements, it doesn't matter when or in what tax year those improvements were done either. If you have no rental income to deduct them from, then they are just carried forward to the next year. But if you don't "claim" those expenses in the tax year they were actually incurred, then you can not carry them forward to the next tax year.
Now if your MMLLC was not registered with your state in an "active" status in 2019, then you don't need to report anything concerning the LLC or the rental on any tax return. You'll deal with it on the 2020 1065 return next year. Even though the property improvements were done in 2019, that doesn't matter since you can't start depreciating them until the property is "in service" in 2020. So you "lose" nothing there.
