My husband and I put a home in an LLC for rental purposes and to protect other assets. The mortgage company insisted we make the LLC multi-member. We are 50/50 owners. Where on Turbotax Business do we list the basis for the rental house? Should it be added to the Partner/Member section that asks about cash and property "contributions" each owner put in? Do you also list the mortgage as a liability in that section? Many thanks in advance for help.
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