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Yes. This commercial land is in an LLC that was overlooked. She held it in her name and we reported it on schedule E. Now if I understand it we need to file for...
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this client has different businesses which are reported on respective 1120 s. She has residential rentals that gets reported on sch e of 1040 In addition, she...
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And the llc is owned by her individually not the scorp.
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Thank you all for your insight.I should have clarified that the rental property is commercial land and gets rent from the business tenant. The land was put in t...
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My client's attorney filed an LLC for my client putting one of her rental properties in it. Now in 2021 we find out about it. Though we have filed the 1120s and...
