cancel
Showing results for 
Search instead for 
Did you mean: 
Level 2

I own an LLC that owns some property - where do I declare?

Do I declare under self-employment or under rental property?
4 Replies
Highlighted
Level 20

I own an LLC that owns some property - where do I declare?


@danielabud wrote:
Do I declare under self-employment or under rental property?

Is it rental real estate? If so, enter that under Rental Properties and Royalties (Sch E).

Level 2

I own an LLC that owns some property - where do I declare?

Yes but it's owned by the LLC and the mortgage is under the LLC as well

Level 20

I own an LLC that owns some property - where do I declare?

It is still entered in the Rental section of the program.

Level 20

I own an LLC that owns some property - where do I declare?

A single member LLC is a disregarded entity for income taxes so it is simply reported on the personal tax return on the Sch E.... UNLESS the LLC is incorporated.