George4Tacks
Level 15

I would report 100% of the rental income and take an expense for Nominee share.

You should also file a 1099 for the rents to this nominee. 

?? Work with the entity issuing the 1099 to file two 1099s in the future. ?? 

Would it be correct that the LLC does not own 100% of the property?


Here's wishing you many Happy Returns