@streampaw wrote:
I just assumed I don't even need to file a schedule C for the LLC that owns the property, since its only income is passive. Can commercial property only be depreciated on schedule C?
No, but your original post (and a couple of subsequent posts) did not have sufficient information and/or contained some ambiguities.
If you are simply renting commercial property you own (via your single-member LLC), then the rental income and expenses (including depreciation) are reported on Schedule E.
