Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

How do i enter an ein on schedule e for rental property?

ddorazio
Level 1
 
Labels (1)
0 Cheers
1 Solution

Accepted Solutions
Just-Lisa-Now-
Level 15
Level 15

I don't think there's a spot for an EIN on a rental property...is it an SMLLC?  SMLLCs are disregarded entitles for tax purposes, you don't need to enter an EIN, its reported the same as any other rental on the federal return.   I think there's a box near the top of Sch E that you check if its an SMLLC.

Now if you're in a state that has a separate LLC return that needs to be filed, you may need to enter it on the state LLC return.  


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

0 Cheers
1 Reply 1
Just-Lisa-Now-
Level 15
Level 15

I don't think there's a spot for an EIN on a rental property...is it an SMLLC?  SMLLCs are disregarded entitles for tax purposes, you don't need to enter an EIN, its reported the same as any other rental on the federal return.   I think there's a box near the top of Sch E that you check if its an SMLLC.

Now if you're in a state that has a separate LLC return that needs to be filed, you may need to enter it on the state LLC return.  


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

0 Cheers