Investors & landlords


@BrotherRick wrote:

And to clarify, it is a single member LLC.


 

For income tax purposes, a Single Member LLC is "disregarded" (assuming the LLC has not elected to be taxed as a corporation).

 

That means you report it exactly as if YOU owned it.  So yes, it goes on Schedule E and for income tax purposes can be reported as if nothing changed.

View solution in original post