REVISIT LLC RENTAL
Knowing that we discussed husband and wife in rental only LLC and reporting income and expense on schedule E. Which would be proper - reporting each rental unit per column on schedule E like you would if there were no LLC - or reporting all numbers combined under LLC name in one column?
Use one column for each of them.
FTR, it was the OP that started the original discussion a couple of weeks ago by posting this topic about the rental owned by H-W LLC.
My post from that topic said:
Determining whether or not a husband-wife LLC is a disregarded entity is a matter of state law. If the LLC is formed in a state that is NOT a community property state, the LLC defaults to a partnership unless an election is made to be treated as a corporation.
The excep
