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Investors & landlords
I'm afraid you were doing it right before. Unless you are providing substantial services to your tenants--housekeeping, recreation, etc.--you should report this income on Schedule E. Having a single-member LLC doesn't change that. The other response you received was courteous and thoughtful, but it was not correct. You should not be paying SE tax on this income, as it is passive.
‎April 21, 2020
8:35 AM