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How to report a Series LLC used for rental properties?

dvieyra7
Level 1

Does each property/child/cell get reported separately on Schedule E? Or does the parent company report all activity for multiple rentals? How would Part I be filled out on Schedule E if only the parent company reports the activity?

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itonewbie
Level 15

Are any of these disregarded entities?  Whoever put together this multi-tier structure for whatever reason should have an answer to how it's all intended to work.

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Still an AllStar

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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15
Looks like In CA they are all treated as individual businesses.
https://www.nolo.com/legal-encyclopedia/what-is-series-llc.html

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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itonewbie
Level 15

Are any of these disregarded entities?  Whoever put together this multi-tier structure for whatever reason should have an answer to how it's all intended to work.

---------------------------------------------------------------------------------
Still an AllStar
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