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rental property LLC 1099INC reporting
I have two questions need help
1. I have 2 rental properties within a LLC, I have opened a business checking account for my LLC and the bank has issued a 1099 INT to the interest earned in that checking account . the TIN on the 1099 INT is my LLC's TIN, not my SSN. In this case how do I report this interest income ? as part of my schedule E or schedule C or anything else.
2. I have shared expenses for the above business, e.g. vehicle , laptop, shall I just put them under 1 rental property's expense on schedule E ?
March 20, 2023
10:46 PM