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laemr654
New Member

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
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1 Reply
PatriciaV
Employee Tax Expert

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.

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.

 

See also: How do I claim vehicle expenses for my business or rental?

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