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

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

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).

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

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

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

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. 

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