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How to report Rental Income by a one-member LLC

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    #1

    How to report Rental Income by a one-member LLC

    My T/P just formed an LLC (one member). Everything I read tells me to report the rental income as before on a Sch E as a Sole Proprietor but my software will not allow me to put in the LLC name and FIN. If it was a Sch C, I could.

    Any suggestions?
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    #2
    Hi JoEllen, welcome to the board.

    This transaction will be reported on Schedule E and there is no need for the LLC information on that schedule. At least that would be news to me. I never have done that.

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      #3
      LLC Rental

      The rental operations are recorded on a Schedule E as if the LLC did not exist.

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