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Old 03-10-2014, 11:38 PM
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Join Date: Mar 2014
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Rental Property with DBA (with EIN #) collecting rent. How to complete Schedule E?

Hi Guys,

New to the forum so thank you in advance for any advice you have for me.

I have a single rental property and I filed a fictitious name statement to open up a business checking account to keep my personal and business expenses separated. I also registered for an EIN # to shield my SSN and filed for a business license (city requires you to do so in order to rent property). I collect rents under the DBA name.

I am 100% owner, and only want to file a Schedule E to avoid paying the self-employment tax on the Schedule C. I manage the property myself (general repairs, etc. once a month), however am not in real estate as my profession.

My issue is how do I complete the Schedule E if I have a separate EIN # for my DBA? There is only one line for name and for social security #. Do I only complete one Schedule E for my DBA (using the EIN #), or use "My Name DBA Company Name" and use my social security #? I'm afraid if I only use one (either SSN or EIN #) then it somehow won't be recorded for the other (ex: using my personal SSN# and the business EIN number not recording, as if I didn't file for the DBA).

Any help would be much appreciated! Thank you.

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