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December 7, 2019
Solved

MULTIPLE RENTAL PROPERTIES OWNED BY ONE LLC

  • December 7, 2019
  • 1 reply
  • 28 views

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? 

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Best answer by Just-Lisa-Now-

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.

1 reply

Just-Lisa-Now-
Intuit Community Champion
December 7, 2019

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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