Question
I file a Schedule C for a sole proprietorship business. In 2022 I created a single owner LLC that is for a different business. How do I handle the LLC?
For many years past I have filed a Schedule C for my photography business, which is a sole proprietorship. In 2022 I had a single owner LLC created to hold some real estate I own. The LLC only holds real estate, and currently has no income. It will have no income until I sell the property. How do I handle the LLC in my IRS taxes for 2022? Do I just file a second Schedule C for just the LLC?
