Thank you RayW7 for the prompt answer! I use Turbotax busines for the first time and am a bit confused with Turbotax Business entry in "About your business" page. We have an LLC which operates Rental property as well as provides Home automation service. Turbotax shows options "We perform a service", "We rent real estate to others" and "Other". In the "Real estate" activity option Turbotax mentions the 7 days average limitation. Our customers usually rent the property for 5 days.
I am OK with schedules C and E, but LLC provides schedule K-1 to partners to report share of partnership's earnings.
Hope this helps.
Best,
K
