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Updated almost 5 years ago,
Ran rent/expenses through llc that doesn’t own the property...
I have a passthrough single person llc that I ran rent and expenses through for a property that I personally own. In retrospect, I should have done this through my personal bank account, but what’s done is done! Trying to figure out how to declare on my personal taxes without causing any red flags. Can I still declare the income as personal rental income since it’s a passthrough llc, or do I have to declare it as income through the llc? Any help would be greatly appreciated!
Thanks!