Answered: Are any of these disregarded entities? Whoever put toget...

dvieyra7 · ‎12-07-2019

Does each property/child/cell get reported separately on Schedule E? Or does the parent company report all activity for multiple rentals? How would Part I be filled out on Schedule E if only the parent company reports the activity?

itonewbie · ‎12-07-2019

Are any of these disregarded entities? Whoever put together this multi-tier structure for whatever reason should have an answer to how it's all intended to work.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

Just-Lisa-Now- · ‎12-07-2019

Looks like In CA they are all treated as individual businesses.
https://www.nolo.com/legal-encyclopedia/what-is-series-llc.html

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

itonewbie · ‎12-07-2019

Are any of these disregarded entities? Whoever put together this multi-tier structure for whatever reason should have an answer to how it's all intended to work.

---------------------------------------------------------------------------------
Still an AllStar

How to report a Series LLC used for rental properties?

©1997-2024 Intuit, Inc. All rights reserved.

Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

By accessing and using this page you agree to the Terms and Conditions.