cpazott
Level 3
02-10-2024
09:16 AM
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Hello Community!
I have a married couple that formed a LLC for a commercial rental property.
They have been filing a 1065 since inception (50/50 ownership with husband and wife).
Can they eliminate the 1065 filing and report the income and expense on Schedule E and eliminate this additional expense under the single member LLC filing rules?
I would like to save them the expense of tax preparation if possible.
Thank you!
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