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Self employed
I purchased a vehicle under the LLC so I could use it to manage the rentals, which I am aware have to split millage personal and related to rental property. I am not a real estate agent. As well as having a W-2 from a full time employer. As per understanding from support your input- Use Self-employee Schedule C for car expenses for deduction under section 179 and other expenses tools office supplies and so on and everything else for the rental properties and the home purchased in 2022 will be on Schedule E. Two individuals from the chat misloaded and I am confused. Last year and year before last and previous years did not have the LLC, I was using Schedule E.
March 4, 2023
11:59 AM