Renting TO an LLC company?

[Gail W.]

I am getting nowhere when I Google or search on BP: "Renting to an LLC" or similar wording because all I get back is info on becoming an LLC if you own rental property.

What I'd like to know is, if I rent my house out to a company that is an LLC, does that make any difference? They will 1099 me. Specifically, will there be any tax ramifications? Do you get taxed more or less? Or does it have no bearing?

(Quick background info: this was our home of 15 years, we moved out to a rental and attempted to find a tenant, no one wanted it because it was a dump, we spent 7 months fixing it up (and lots of $$), we rented to a friend who has an LLC as a sober living biz, we are now for the 1st time having to do taxes in a new way)

Thanks all!

[Christopher Phillips]

@Gail W.

Doesn't matter who the tenant is, individual or corporate. It's still just a rental earning passive income for you, so same tax.