https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-a-4-plex-under-an-llc-for-last-5-years-in-2017-i-bought-another-4-plex-with-the-same-llc-do-i/01/389866#M15795 <P>I have an LLC for each rental property and I maintain a book for each LLC. However, I bought a 4-plex in 2017 that is next to another 4-plex I owned for a few years and used same LLC. Or do I need to treat this as separate rental property? Thanks.</P> Tue, 04 Jun 2019 19:20:00 GMT ramesh 2019-06-04T19:20:00Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-a-4-plex-under-an-llc-for-last-5-years-in-2017-i-bought-another-4-plex-with-the-same-llc-do-i/01/389866#M15795 <P>I have an LLC for each rental property and I maintain a book for each LLC. However, I bought a 4-plex in 2017 that is next to another 4-plex I owned for a few years and used same LLC. Or do I need to treat this as separate rental property? Thanks.</P> Tue, 04 Jun 2019 19:20:00 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-a-4-plex-under-an-llc-for-last-5-years-in-2017-i-bought-another-4-plex-with-the-same-llc-do-i/01/389866#M15795 ramesh 2019-06-04T19:20:00Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/the-second-rental-property-purchased-in-2017-is-a-new-ren/01/389873#M15796 <P>The second rental property purchased in 2017 <B><I>is </I></B>a new rental property. Add the new 4-plex as a new multi-family building and enter the income/expenses/depreciation for it separately from the older 4-plex.&nbsp;</P><P>It does not matter if the new rental is under the same LLC ownership. Each rental property is unique.</P> Tue, 04 Jun 2019 19:20:01 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/the-second-rental-property-purchased-in-2017-is-a-new-ren/01/389873#M15796 PaulaM 2019-06-04T19:20:01Z