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Level 1
May 11, 2024
Question

A HOUSE RENTAL AS AN INVESTMENT REGISTER UNDER LLC CORPORATION, CAN I WORK IT IN SCHEDULE 'C' OR 'E' ?

  • May 11, 2024
  • 3 replies
  • 13 views
TAXPAYER LIVING IN MASSACHUSETS , BUY A HOUSE IN VERMONT  AS AN IVESTMENT TO RENT REGISTER IN THE COMMONWEALTH OF MA AS LLC CORPORATION  ,  HOW CAN  WORK THIS PROPERTY IN THE 2023 , 1040  PERSONAL INCOME TAXES ?
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3 replies

Just-Lisa-Now-
Intuit Community Champion
May 11, 2024

No, you cant put it on the C or E of the 1040, the corporation is a separate entity.

Is it an S-Corp or a C-Corp?  Whos preparing/filing the corporation return?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15
May 11, 2024

What's an LLC Corporation?

Is it an LLC that elected to be taxed as a Corporation?

If it is not, how many people own the LLC/

The more I know the more I don’t know.
IRonMaN
Level 15
May 11, 2024

I'm sitting on the edge of my seat, eating popcorn, waiting to see if we will get more information or if this movie is just going to end as a cliffhanger.🍿

Slava Ukraini!
BobKamman
Level 15
May 11, 2024


You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.