Should I file schedule C or E for a single member llc that owns rental property and vehicles for business use? The LLC used to be multi-member but now is single.
Now that this LLC is reported on my taxes I'm not sure which Schedule to use. I have expenses from the vehicles that the LLC uses and I don't see a place to enter vehicle expenses for Rental Real Estate in TurboTax for the Schedule E
011016
1 Replies
PatriciaV
Expert Alumni
Apr 14, 2025 12:00:54 PM
If you now own the rental property as a Single-Member LLC, you can report this activity on Schedule E. Look for Vehicles under Rental Expenses.