Trying to file LLC taxes

[myeoman13]

I am attempting to e-file my taxes for my LLC that has a single rental property. Before I can I need to provide the "total income amount from 2018 return." This amount is supposedly listed on page 1, line 8 of my prior year Form 1065 return. That line, however, is blank. What am I supposed to put? I'm not sure I can leave it blank. Also, I don't know if "total income" refers to the gross rent we pulled in last year, or our net income, which is significantly lower. 

[tagteam]

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@myeoman13 wrote:

I am attempting to e-file my taxes for my LLC that has a single rental property.

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Net rental income for your LLC will appear on Line 2 of Schedule K on Form 1065.

[myeoman13]

Thank you! That is the number I was using but wasn't sure if it was correct.

[tagteam · Accepted solution]

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@myeoman13 wrote:

Thank you! That is the number I was using but wasn't sure if it was correct.

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You are most welcome, but that number does not factor into the total income on Line 8, which is strictly for trade or business income (unless the LLC is a real estate dealer).

[PRWD]

I have the same question about blank entry form 1065 p1 Line 8,  but I cannot see your answer. We have the same rental property LLC with no sales of property

[myeoman13]

Hello, the answer I recieved is: "Net rental income for your LLC will appear on Line 2 of Schedule K on Form 1065." and "that number does not factor into the total income on Line 8, which is strictly for trade or business income (unless the LLC is a real estate dealer)." 

I believe that I used the figure from Line 2 on the Schedule K from the previous year (if filing for 2020 using 2019's figure) when asked for the "total income amount." I filed with Line 8 on Form 1065 blank since my LLC earned no other "business income" besides collecting rent. I am by no means an expert but this is what I did. Hope that helps.