A single member LLC may elect to be treated as a disregarded entity on the member's federal income tax return and report income and deductions on Schedule E of the 1040 rather than filing a return separately for the company.

Then, on your taxes, make sure that Schedule E is filled out for the room/unit that you rented.

Hello, My husband and I have had a busy year diving into buying our first investment property and starting an e-commerce business.

Quote from @Scott E.: Just for fun I clicked on the sales page because I've never heard of this guru.

I hate that the legal system gives enables these buyer to get money but I do understand its a bottom line business and whatever is cheaper wins...this is a good point and why buyers and sellers should use licensed real estate brokers who have E and O..

First year and beyond is typical on a schedule E, same as a LTR unless your providing substantial services.

Because of how my Schedule E is with all of the write offs, it throws off what I can qualify for.One thought I had was start purchasing under an LLC and have the LLC take out the loan.

RR Finance & Real Estate201 E 4th StCincinnati, OH 45202

what do I do with the agent I have e now?

But since I am wanting to provide substantial services, laundry, meals, cleaning, it looks like I do not even have the option of reporting on Schedule E.