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Updated almost 6 years ago,
Schedule E / 1065 / Ownership
In 2017 I because 100% owner of my LLC and had to file my properties on a Schedule E instead of a 1065. Then I found out by doing so it will prevent me from buying property in the future with a residential loan because I own "too many properties" so I want to put them back on a 1065. The easiest way is to give my husband 1% of the LLC and back date it to 2018 so that I can file this year on a 1065.
The question is, I sold 2 properties in 2019 and he did not sign anything. would this cause an issue with the IRS?
- Brie Schmidt
- Podcast Guest on Show #132
Second City Real Estate
20 Reviews
5.0 stars