DIY Taxes W/ BRRRR Strategy

[Josiah Cooper]

Hey BP -

I’m DYI’ng my taxes this year through TurboTax and am stuck. Here’s some quick info on my situation:

-I have a LLC

- BRRRR'd one house last year

- Using TurboTax to create K-1 for LLC

When entering info into turbo tax, what all do I enter on my K-1 form from the BRRRR process?

Example: Do I enter the purchase and rehab on the K-1 or should I enter that info on my schedule E?

What part of this strategy goes into K-1 and what part goes into my schedule E?

Any informal is greatly appreciated.