Buisiness expense

General Real Estate Investing
1

Hi there,

I am hoping that someone can help me with this tax question.

I have a couple of rentals that I acquired last year in a single member LLC.
I understand that property related income and expenses are listed on schedule E since the LLC
is disregarded.

But what about general business expense - such a phone, office supplies, mail box expense, etc.

Where do they go? Schedule c? Split them up on schedule e between the properties?

Help!

2

If you have an EIN for the LLC, put them on Sch C. Otherwise split 'em and add 'em to the Sch E’s.

Either way is fine and won’t cause you any headaches.