Mr " X" formed one member LLC. The nature of business is Real Estate. The LLC buys, sells and rents houses. Currently it has 5 houses and all of them are rented. So the LLC has $30000 from rent. where to report his LLC income ?
posted
February 1, 20199:29 AM
last updated
February 01, 20199:29 AM
Connect with an expert
x
Do you have an Intuit account?
You'll need to sign in or create an account to connect with an expert.
This is dis-regarded entity for tax purposes --- you file a schedule -E covering all the rental properties and schedule-D for buying and selling realestate.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.