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April 2, 2025
Question

Question regarding income earned through an LLC related to rentals

  • April 2, 2025
  • 1 reply
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If I have an LLC (sole proprietor) for rental agreements and receiving rent payments through it, should I classify this income as Business or Personal? Do I need to file this as Business income/filing, or can I include it in my Personal filing?

    1 reply

    April 2, 2025

    That is self-employed business income.  It gets reported on your tax return on schedule C.  It will carry onto your personal return from there.

     

    @Srinivas.usa 

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