We bought a dishwasher for a rental house and would like to use a Safe Harbor, so we don't have to set up depreciation on it. I read that, if the rental property is owned by an LLC, then the LLC must make the election. We do have the property in an LLC, but because myself & my husband are the only two members (in community property state), the LLC is disregarded for tax purposes. We always file on our personal joint form.
I have completed my 1040, but when I type up the Safe Harbor statement, do I use the LLC's name and EIN number or do we use our names and SSNs to match the 1040? (We have an EIN number so we could have the bank account in the LLC name, so it was required by the bank. However, we have never used it for tax purposes.)
Has anyone else run into this 'issue'?
Thanks for your help on this.
