I have owned rental properties for some time. However, in 2017 I formed separate LLCs for the individual properties. Do I need to file differently for 2017?

Mikey354 · ‎June 4, 2019

PaulaM · ‎June 4, 2019

If your LLC's are a single member LLC, then you can continue to file the properties on Schedule E.

If you are a partnership LLC, then you would need TurboTax Business software to file a partnership returns for the LLC's.

See IRS link below for reference.

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PaulaM · ‎June 4, 2019

If your LLC's are a single member LLC, then you can continue to file the properties on Schedule E.

If you are a partnership LLC, then you would need TurboTax Business software to file a partnership returns for the LLC's.

See IRS link below for reference.

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

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