I have a sole member LLC for my rental property. However, on in TurboTax , I ente rthe rental property stuff under personal. But when I put in information for the LLC, I do not see anywhere to put the rental information. It is just general business questi
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

I have a sole member LLC for my rental property. However, on in TurboTax , I ente rthe rental property stuff under personal. But when I put in information for the LLC, I do not see anywhere to put the rental information. It is just general business questi

 
1 Reply
Highlighted
Level 9

I have a sole member LLC for my rental property. However, on in TurboTax , I ente rthe rental property stuff under personal. But when I put in information for the LLC, I do not see anywhere to put the rental information. It is just general business questi

A Single-Member LLC that has not made an election to be taxed as a corporation is pretty much just ignored for tax purposes.  That mean you just enter it in the rental section as if the LLC does not exist.


v
Privacy Settings