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Level 1
posted Jan 31, 2020 6:22:36 PM

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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1 Replies
Expert Alumni
Feb 2, 2020 7:17:30 PM

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.