Yes, and the whole point was to be able to deduct the mortgage payments as rent in order to reduce se tax for Business LLC. So here I'm trying to figure out whe...
Yes, but with turbo tax I'm entering income and expenses in two different places. One for schedule E, for the subleased rental apartment, and one for Schedule C...
Yes, I understand that. I entered it into turbo tax where just Holding Company LLC is depreciating the commercial property, and Business LLC will not enter any ...
I am required by the bank to lease the entire building via a triple net lease to Business LLC. Then, Business LLC is responsible for paying all the expenses ass...
I'm still confused on how to report the expenses for the subleased part vs the part used for my business.So, all in all:Holding Company LLC owns the building.Bu...
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