Does a rental property have to be in the name of an LLC in order to claim income and expenses under the LLC?
thaiger72 asked:
I recently set up the real estate LLC, but haven’t transferred the mortgage or deed of the property to the LLC. It is still under my name. I’m wondering if I have to report income and expenses of the property in my income tax filing or if I can report it under the LLC.
business cash advance
I recently set up the real estate LLC, but haven’t transferred the mortgage or deed of the property to the LLC. It is still under my name. I’m wondering if I have to report income and expenses of the property in my income tax filing or if I can report it under the LLC.
business cash advance