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June 4, 2019
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My husband has a LLC, its a rental properties company, where should I report the sale of his rental properties on a f1065? Or can I report it on schedule c?

  • June 4, 2019
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Best answer by MichaelL1

You would report the sale where the LLC for the rental properties reports the rental income and expenses.

So if you file a 1065 to do, the rental sale is reported there.

If the LLC is treated as a disregarded entity and the income and expenses are reported as part of the Form 1040 on an Sch C it is then reported on the Sch C.  

1 reply

MichaelL1
MichaelL1Answer
Employee
June 4, 2019

You would report the sale where the LLC for the rental properties reports the rental income and expenses.

So if you file a 1065 to do, the rental sale is reported there.

If the LLC is treated as a disregarded entity and the income and expenses are reported as part of the Form 1040 on an Sch C it is then reported on the Sch C.