Kam V
New Member

Investors & landlords

Hi. 

I have started and LLC to manage my properties in 2021. I have moved my rental income and expenses to the LLC and receive K1 for rents and expenses. I need to enter my Passive activity loss from last year into my personal return.

If I need to do schedule E, how do I respond to my rental status. I would have zero rent to report and only passive loss to enter in schedule E.  How to answer questions such as how many days have I rent the property?