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February 16, 2020
Question

EIN for "non-entity" single member LLC

  • February 16, 2020
  • 1 reply
  • 0 views

Back in 2015, I transferred ownership of my rental properties to a single member LLC.  I have no employees.  I got an EIN because initially I thought the LLC would file taxes separately from my personal taxes.  After consulting with an accountant back then, he told me the LLC is a "financial non-entity" and to continue filing as I always have with my SS# and TurboTax.  This year, TurboTax is asking me if the rentals are rented through an LLC and it wants the EIN.  Since the LLC is a "financial non-entity", how do I answer this question when I do have an EIN but it has not been used? 

Thank you.

    1 reply

    February 16, 2020

    Can you share exactly what is on the screen where you are being asked about the EIN? 

     

    Also, are you preparing your personal return and entering your information about your rental properties in the Rental Income and Expenses section?

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