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Updated almost 11 years ago, 01/28/2014
Rental gain on Schedule E, wholesale business on Schedule C?
Hi I have rental, operated under LLC. I also do wholesale and the wholesale business is operated under the same LLC.
Do I report both on Schedule C as business or do I separate them, rental in Schedule E, wholesale in Schedule C?
I work full time, but actively participate in rental (I manage) and wholesale at my spare time. Can I use the loss from LLC to offset my income?