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Investors & landlords
Since you have transferred your property to an LLC, you would have to dissolve the LLC to continue as you were.
You are no longer filing as individuals and married couples in a business have two choices. You are now considered a Qualified Joint Venture. As mentioned before, the only way you can continue as a married couple with an LLC is if you live in a community property state. If that is not your situation, you will have to file a Partnership return.
February 13, 2021
8:09 AM