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Investors & landlords
You are correct.
Your single member LLC is a disregarded entity for the IRS and you can report all its income and expenses on your personal tax return.
As the LLC only has 2 rental properties, you would report rental income and expenses on Schedule E (and not schedule C). And TurboTax Premier is sufficient to do this. You do not need TurboTax Self-Employed.
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‎January 17, 2020
8:00 AM
1,488 Views