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MULTIPLE RENTAL PROPERTIES OWNED BY ONE LLC

woodchelle
Level 2

Client has 4 rental properties, 3 residential rental and 1 commercial rental, owned by a single llc.  Should a separate schedule E be prepared for each property? 

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Just-Lisa-Now-
Level 15
Level 15

Each rental property should have its own Schedule E worksheet, yes.    

You'll end up with 2 actual Schedule E's, since each Sch E can show up to 3 properties on it.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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1 Comment 1
Just-Lisa-Now-
Level 15
Level 15

Each rental property should have its own Schedule E worksheet, yes.    

You'll end up with 2 actual Schedule E's, since each Sch E can show up to 3 properties on it.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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