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Investors & landlords
For income tax purposes, a single member LLC is a disregarded entity. You report the income on your personal tax return as normal income. For rental income, this means the income and expenses are reported on Schedule E.
In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in Home & Business)
- Wages & Income
Scroll down to:
-Rentals & Royalties
‎October 15, 2021
3:34 AM
860 Views