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Old 02-14-2012, 11:39 PM
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LLC and Turbo Tax

I started a LLC last year which has a few taxi cabs for vehicle rental purposes only. All the LLC does is rent the car on a weekly basis and has no employees. My question is where do I enter my income from rent on turbo tax, would it fall under rental property or business income section? Also the deductions for repairs on the cars are those just listed under the business expenses. Thanks for any help, this is my first time owning an LLC and using Turbo tax and wanting to do it on my own to learn.



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