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April 13, 2025
Question

I have 4 rental mobile homes. started an LLC on October to take care of them. How do I move them from rental property to the LLC?

  • April 13, 2025
  • 1 reply
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moving rental property to LLC

    1 reply

    April 13, 2025

    If you are being taxed as a Single Member LLC, you can continue reporting on your Schedule E.  If you are treating your LLC as a partnership or corporation, you will have to close out your Schedule E rentals and start reporting on a 1065 or appropriate 1120.