If these are all Single Member LLC's, report them on Schedule E, as in year's past. Putting the rental properties into a Single Member LLC doesn't change anything for taxes.
- You don't enter these LLC details for tax return reporting purposes for Schedule E.
- A single member LLC is considered a disregarded entity by the IRS, which means that all tax reporting is done under the owner's taxpayer identification number.
- This doesn’t mean you can’t also have an EIN for a single-member LLC as there are cases where one can be required (for certain employment or excise tax issues or possibly state law requirements for opening bank accounts), but for tax return reporting purposes everything will flow to the owner’s SSN.
See this IRS Link for more information - Single Member Limited Liability Companies
Source: AnthonyC
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
