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How to file expenses not tied to rental property

My wife and I started an LLC in 2023 for rental properties. We purchased two duplexes in 2023. My question is how do I file expenses incurred that are not directly tied to a specific rental property? Example expenses are LLC setup fees, mileage to view properties we did not purchase, and general office supplies. Do I file Schedule C for these even though all income is from rents and is included on Schedule E?

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2 Replies
ThomasM125
Expert Alumni

How to file expenses not tied to rental property

You would enter the expenses on the rental property schedule E. You should split them between the two properties, based on a reasonable criteria, such as yearly rental income received from each property. They would not be reported on a schedule C, as that is just for non-rental business activities.

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How to file expenses not tied to rental property

Sounds reasonable, thank you.

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