MULTIPLE RENTAL PROPERTIES OWNED BY ONE LLC
Client has 4 rental properties, 3 residential rental and 1 commercial rental, owned by a single llc. Should a separate schedule E be prepared for each property?
Client has 4 rental properties, 3 residential rental and 1 commercial rental, owned by a single llc. Should a separate schedule E be prepared for each property?
Each rental property should have its own Schedule E worksheet, yes.
You'll end up with 2 actual Schedule E's, since each Sch E can show up to 3 properties on it.
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