Solved: Form 568: Total End of Year Assets for Single Memb...
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Form 568: Total End of Year Assets for Single Member LLC?

I have one rental property owned by a single-member LLC. What are the total end of year assets? Is it the value of the rental home or something else? Please help me understand how to calculate this amount. Thank you!

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Employee Tax Expert

Form 568: Total End of Year Assets for Single Member LLC?

The end of year assets would include the value of the rental property and any furnishings, as well as any other property you use for the business.

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Employee Tax Expert

Form 568: Total End of Year Assets for Single Member LLC?

The end of year assets would include the value of the rental property and any furnishings, as well as any other property you use for the business.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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