LLC RENTAL ON 1040

[MOBEE]

Taxpayer has set up LLC for all rental properties and is reporting all income and expense on schedule E.  Should all information for the 4 rental houses be entered as just one item titled as the LLC Properties name.... or should each house be reported separately - each in its own column on schedule E. 

[Pacun]

I would do each property since you will not sell them in bulk.

It is easier for depreciation if you list them individually.

 

[Terry D EA]

Agree with Pacun. Each property should be listed in each column.