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June 5, 2019
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I have owned rental properties for some time. However, in 2017 I formed separate LLCs for the individual properties. Do I need to file differently for 2017?

  • June 5, 2019
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Best answer by PaulaM

If your LLC's are a single member LLC, then you can continue to file the properties on Schedule E.  

If you are a partnership LLC, then you would need TurboTax Business software to file a partnership returns for the LLC's. 

See IRS link below for reference.

https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-compan...

https://turbotax.intuit.com/small-business-taxes/

1 reply

PaulaMAnswer
Employee
June 5, 2019

If your LLC's are a single member LLC, then you can continue to file the properties on Schedule E.  

If you are a partnership LLC, then you would need TurboTax Business software to file a partnership returns for the LLC's. 

See IRS link below for reference.

https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-compan...

https://turbotax.intuit.com/small-business-taxes/

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