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Investors & landlords
@Jolapp1 wrote:I was wondering the same, as a Single Member LLC I need to file my new rental property under Schedule C (self employed business) correct?
My other rental property not under an LLC I have filed as Rental Property.
No. The Single Member LLC changes nothing for income tax purposes (assuming it has not filed an election to be taxed as a corporation).
It is filed just as before, as a rental property (assuming you don't provide "services", such as maid service or meals to the tenants).
‎January 18, 2021
7:33 PM
2,389 Views