Report Revenue and Expenses as Individuals or under the LLC
We purchased a property in 2022 (The mortgage and the Deed are in our names). We are transferring the Deed to the LLC this year (2023). When filing taxes for 2022: - Can we report revenues and expenses using the LLC (this means the LLC gives both of us Sch K-1 we can use for? - Do we have to report rental revenues and expenses directly on our tax returns as if we didn't have the LLC since the property is still not transferred to the LLC?
This Question Has Not Yet Been Answered.
