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Updated over 18 years ago on . presented by

User Stats

134
Posts
79
Votes
Keith Schulz
  • Investor
  • Verona, WI
79
Votes |
134
Posts

business/rental tax question

Keith Schulz
  • Investor
  • Verona, WI
Posted

Hi all,
I'm fairly new to real estate investing. I've owned a duplex for a few years, and I have always just claimed the income and expenses associated with it on a schedule E. Last novemeber I started an LLC primarly for marketing to buy foreclosures, and holding property title. I have not yet moved the duplex title into the LLC name. So far, I have not had any income from the LLC, but I have had some expenses for, mailings, setup, etc.

My question is do I claim the expenses for the LLC seperately on a schedule C, or can I combine the expenses with my rental on the schedule E? Also, does it make a difference if I claim my home office, as business or rental expense?