#413 Open Forum | Your Questions Our Answers
Main Street Business
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Do I Have to File a 1065?
Ethan says his wife and I are 50 50 owners of our rental real estate LLC. We live in a non community property state currently with file at 1065 and receive K ones. Does this mean we can disregard the LLC and file our income from rentals on a schedule E? Yes. If unless you have a prenup or a post-nup, it's going to be marital property anyway. Marky: You don't need a revocable living trust to do this. Just do the trust, make it the owner of the LLC and you're clean.
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