jeffmcpa2010
Level 11
02-16-2022
01:35 PM
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Regardless of everything / anything else. Single owner LLC's are disregarded entities per the IRS.
LLC for Business is on a Schedule C
LLC for Farm is on a Schedule F
I see no reason to think that anything would be different for personal property in an LLC. Disregarded for tax purposes, and just report everything as though the LLC did not exist.