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Level 2
December 7, 2019
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If I have a disregarded LLC for federal purposes because it is 100% owned by an individual and its formed to own real estate how do I enter it in Lacerte>

  • December 7, 2019
  • 3 replies
  • 12 views
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Best answer by abctax55

Screen 18 (assuming it's a rental). And way down towards the bottom, mark it as a SMLLC.   In screen 1, mark the LLC box for efile if appropriate for your state.  

3 replies

abctax55
abctax55Answer
Level 15
December 7, 2019

Screen 18 (assuming it's a rental). And way down towards the bottom, mark it as a SMLLC.   In screen 1, mark the LLC box for efile if appropriate for your state.  

HumanKind... Be Both
abctax55
Level 15
December 7, 2019

And if in CA, let us know.....   There's more reporting to do on Screen 5?.???  (I'm not at my computer to verify).

HumanKind... Be Both