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Rental Income and Expenses - conversion from personal to multi-member LLC
Me and my partner bought, renovated and rented a house in 2022. Towards the end of the year, we formed a multi-member LLC and transferred the house. The LLC continued to receive rent and incur maintenance costs.
How do I go about it - report rental income/expense pre-LLC in Schedule E, and post-LLC in Form 1065 (and then K-1 to Schedule E)?
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‎January 27, 2023
9:56 AM