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Investors & landlords
Because you are a single-member LLC, for tax purposes the IRS treats your tax situation the same way it would treat a sole proprietor. That is, your rental income and expenses get reported on form Schedule C, Profit or Loss from Business. Therefore, you should not see any reported income in the LLC section of TurboTax.
If you elected to have your LLC taxed as an S-Corp or C-Corp, then you would see income on the forms for the S-Corp or C-Corp. Select Forms mode (upper left side of your screen) and in the list of forms generated for your return, see if you have a Schedule C. Click on Schedule C to review the income you have entered.
@nzamaray
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‎January 20, 2023
10:35 AM