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New Member
posted Apr 13, 2025 6:24:12 AM

I have 4 rental mobile homes. started an LLC on October to take care of them. How do I move them from rental property to the LLC?

moving rental property to LLC

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1 Replies
Expert Alumni
Apr 13, 2025 9:11:13 AM

If you are being taxed as a Single Member LLC, you can continue reporting on your Schedule E.  If you are treating your LLC as a partnership or corporation, you will have to close out your Schedule E rentals and start reporting on a 1065 or appropriate 1120.