jerry
Level 5

Sorry I wasn't more clear - I guess tax brain is leading me to too much brevity.  Let me elaborate.

California client (MFJ/MFS) had a rental property, filed on Schedule E.  His attorney advised him (he is ultra high net worth) to move the property to an CA Single Member LLC for liability reasons.  That's OK, that's a legal question, not a tax one.  I added a CA SMLLC to his tax return, linked it to the Schedule E, and all was well.  Federal got the Schedule E (treated LLC as a disregarded entity), and LLC reported the income (loss) from Schedule E.

Then client added another property to his portfolio, and attorney had him put it in the same LLC.  Now he has 2 Schedule E's, one for each property, and for Federal, 2 Schedule E's need to be filed.  But Lacerte seems to only allow a single Schedule E to be linked to a CA SMLLC.  So I'm stuck.

How do I file a SM LLC 568 return when the source data comes from 2 different Schedule E's?

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