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pldejoy
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Do I need to claim anything when i transferred personally owned rental property to a single owned LLC?

 
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‎June 4, 2019 8:55 PM
last updated ‎June 04, 2019 8:55 PM
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Critter
Level 15

Do I need to claim anything when i transferred personally owned rental property to a single owned LLC?

If you are the single owner of the LLC then on a tax return you will still file a Sch E just like normal ... the LLC is a disregarded entity for income tax purposes and there is nothing special you need to do.

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‎June 4, 2019 8:55 PM
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Critter
Level 15

Do I need to claim anything when i transferred personally owned rental property to a single owned LLC?

If you are the single owner of the LLC then on a tax return you will still file a Sch E just like normal ... the LLC is a disregarded entity for income tax purposes and there is nothing special you need to do.

‎June 4, 2019 8:55 PM
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