topic If the rental property is owned by an LLC, what should I put down as "ownership percentage"? I also cannot manually type in the LLC as the owner of the rental. in Investors & landlords

If the rental property is owned by an LLC, what should I put down as "ownership percentage"? I also cannot manually type in the LLC as the owner of the rental.

noisyteapot — Mon, 09 Mar 2026 08:10:24 GMT

House was converted into a rental property and also switched over to an LLC.

Re: If the rental property is owned by an LLC, what should I put down as "ownership percentage"? ...

ColeenD3 — Sun, 13 Mar 2022 14:31:36 GMT

Are you a single-member LLC? If so, as far as the IRS is concerned, you and your LLC are one and the same. It is a disregarded entity. Enter all the information under your name. You own it 100% unless you have partners.

Re: If the rental property is owned by an LLC, what should I put down as "ownership percentage"? I also cannot manually type in the LLC as the owner of the rental.

Carl — Sun, 13 Mar 2022 15:45:08 GMT

If it's a single member LLC, nothing concerning the rental gets reported on SCH C. It all goes on SCH E.

If it's a multi-member LLC, then the LLC completes a physically separate 1065 Partnership/Mutli-member LLC tax return and all rental income/expenses are reported on the 1065.

The partnership will then issue each member a K-1, which each member will need to complete their individual 1040 tax return. Information from the K-1 will end up on page 2 of the SCH E that is a part of the individuals personal 1040 tax return.