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So just 1 schedule E? Check the box on Turbotax "This property is owned by both of us."
Basically, for the tax return, I will be ignoring the existence of the LLC, and treating the property as though it were held in my wife's name and in my name, individually. There won't be any mention of the LLC, or the EIN/TIN anywhere on the return or the schedules.
(The bank is going to send a 1099INT to the LLC with the LLC's EIN. Does that matter?)
Thanks for your help. Once I get this straightened out, I'll be good to go forever. I just want to make sure to get it right this first time.
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