Are you operating your business under a single-member LLC? This entity has no effect on how the income or losses are reported.
Single-member LLCs that have rental properties titled to it have the income is reported on Schedule E, even if tax documents are issued with the LLC’s EIN.
Questioning your business entity choice now? If you would like to review your entity choice and its tax implications call me to schedule a consultation.
Being Tax Advantageous NOW may save you a lot later.
Rhonda A. Mannes,