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Old 01-26-2017, 06:31 PM
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Schedule E and EIN

Hello,

I've always filed my rental properties income and deductions on a schedule E. This past year I got myself an EIN. I'm a sole proprietor(under my own name) with no employees or anything. I wasn't required to get an EIN, but opted for one anyways. The rental income is passive I believe. I only got the EIN so I could use it for a checking business account and credit card instead of just using my SSN.

I did nothing else with the EIN. Do I just file regularly with the schedule E? I don't have to list the EIN anywhere? From what I've read so far, the only time I would need to put the EIN is if did actual business or services, then I would have to file under schedule C and list my EIN?

I just didn't want to file the schedule E and not include the EIN and get in trouble. Just wanted to make sure. Thanks in advance!



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Old 02-06-2017, 12:30 AM
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Join Date: Jan 2017
Location: Houston, Texas
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It really doesn't matter whether you use the EIN or not on your Schedule E. If I were you, I would list it on the Schedule E. You would also use it to issue Forms 1099 to anyone you paid $600 or more to.



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