angela1
Level 3
02-23-2022
02:31 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I completely agree. They said it was a "hey this is what you should do type of situation". Then they realized they needed real help.
They do have the insurance in the LLC name. They live in a state that allows a joint venture. I just received a copy of there SS-4 and they filed that as a disregarded entity one member LLC. I am going to file the return as a Schedule C. My concern is if the property is not in the " LLC" name then they can't take the depreciation. Does that even matter anymore since it's a disregarded entity and it will be filed as a C. Am I making this harder than it is?