Hello Aaron -
Different CPAs have given me different answers on whether self-employment taxes need to be paid on LLCs containing only real estate. Is it correct to continue Schedule E reporting of the unchanged real estate holding that has recently been put into an LLC? Just change the name of "property X" to "property X, LLC"? Sounds logical, but is it? And - how does the new LLC formation transfer any required data to the State tax forms?
Thanks, Tanja9
