Investors & landlords

Why do an LLC at all ???     The rental is reported on the personal return on a Sch E  NOT a Sch C unless you run it as a B&B or Motel.   The LLC designation will do nothing more for you than a good liability insurance policy which you should already have so why bother with the extra paperwork and possible fees.  Before you do anything talk to a local tax pro to see if there are state considerations  but for the feds there is nothing to be gained. 

 

 I will see if @Carl  will chime in here.