sjrcpa
Level 15

The only pass through single member LLC would be one that has elected to be an S Corporation.

I don't think that's what you mean.

And a rental property is not an LLC.

Is this what you have?

Rental property owned by individual for 1st 10 months of the year. Then individual transfers ownership to an LLC he set up. He is the only owner and the LLC is disregarded for income tax purposes.

 

If yes, you show the entire year rental activity on Schedule E like you always did. 


The more I know the more I don’t know.