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Tax, SDIRAs & Cost Segregation

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Jon Jacobs
  • Philadelphia, PA
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Tax returns for LLC holding real estate

Jon Jacobs
  • Philadelphia, PA
Posted Jan 6 2015, 12:12

I own a property through an LLC with 5 partners. I know I need to prepare form 1065 and K-1s, but I can't figure out how rental income/expenses fit into Form 1065? Is rental revenue my sales, where do operating expenses go, etc? Do I need to fill out form 8825 and if so, where does that flow to 1065?

Thanks!

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