All posts with tag

Single Member LLC

19 / 05 / 2015 by Greg Freyman, CPA in Business Tax

Real Estate Tax Reporting For Single Member LLCs

Question:
If a real estate partnership has a partner that is a single member LLC, and the LLC has an EIN, should the K-1 be reported on Schedule E page 1 of our Form 1040? Should we simply use the ending P&L rate to reflect the income on the schedule E page 1, or just pick up the income on the 1040 schedule E page 2?

Continue reading

Tags:
Contact Us Form
Get in touch with us