A single member LLC taxed as a disregarded entity on the owner's 1040 uses a Schedule E to report rental income and expenses. Nowhere on the E is the LLC's name. Correct?

posted

Connect with an expert

1 Best answer

Accepted Solutions

A single member LLC taxed as a disregarded entity on the owner's 1040 uses a Schedule E to report rental income and expenses. Nowhere on the E is the LLC's name. Correct?

Yes, you are correct.

As the single-member LLC is a disregarded entity, its name does not appear on Schedule E. Only the owner's name and SSN appear on Schedule E.

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

View solution in original post

1 Reply

A single member LLC taxed as a disregarded entity on the owner's 1040 uses a Schedule E to report rental income and expenses. Nowhere on the E is the LLC's name. Correct?

Yes, you are correct.

As the single-member LLC is a disregarded entity, its name does not appear on Schedule E. Only the owner's name and SSN appear on Schedule E.

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

Still have questions?