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jaybrad66
New Member

LLC property sale

I'm a single owner of an LLC whose tax ID is different than my personal IRS  Tax TD     Can I enter the sale of a rental in that LLC into my Personal 4797 property sale form ??? all my sale paper work has the LLC tax ID on it.. (ouch)

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MinhT
Expert Alumni

LLC property sale

Your single-member is a disregarded entity and all taxable events are reported on the personal tax return of its owner.

Yes, you enter the sale of the rental property on your personal form 4797 even if sale documents bear the EIN of your LLC.

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3 Replies
MinhT
Expert Alumni

LLC property sale

Your single-member is a disregarded entity and all taxable events are reported on the personal tax return of its owner.

Yes, you enter the sale of the rental property on your personal form 4797 even if sale documents bear the EIN of your LLC.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
jaybrad66
New Member

LLC property sale

Thanks, Follow up Question from 2009 thru 2016 the LLC had 3 partners and filed 1065 K-1 forms , Then in late 2016,  2 partners resigned, and left me as the only individual in the LLC.  I sold the Property in Feb 2017.  So based on that I can enter the sale and money flow from the sale thru the LLC to me and onto my personal 4797.  Correct ??  I'll reference the LLC on the property description.  Correct ??  thx for the quick reply
MinhT
Expert Alumni

LLC property sale

Yes, if you are the sole member of the LLC in 2017.
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