I have few rentals on my own I have been renting. Always used TT. This year I created an LLC and hired an employee to manage it. Unsure how to file.

[hicham123]

Been entering all these in "rentals and royalties". Now that I have LLC should entering rentals profits etc in those same sections except now fill Schedule C and enter my employee Wages and Taxes ? Is that it ?  

[Critter]

If you have always reported the rentals on a Sch E then you will continue to do so unless the LLC has chosen to be taxed as an S-corp.  The cost of the manager will be an expense on the Sch E which can be divided among them or entered all on one property.

[hicham123]

Yes Schedule E in the past , and LLC is not S corp. Crystal clear - Many thanks

[JulieCo · Accepted solution]

Yes, if your LLC is a single member LLC then the business activity for your LLC will be included on your personal income tax form.  And, yes, you can enter the wages paid to your employee on Schedule C.

In your Business Profile, you will want to select that you have employees.  See sample screenshot attached.   And then under Business Expenses, you can enter the employee wage and employer taxes paid information there.  See sample screenshot.

OR as noted above, you can have all your LLC expenses, including the payroll, be reported on your schedule E by either allocating the payroll expenses amongst your properties or all to one property.  

[Edited 3/15/18|5:35 am]