Screen CALLCRn2 - California Single Member LLC - Rent Property - Page 2 (1040)

Overview

Use this screen to calculate rent income when the rental property is used for personal days.

Activity Information

This section displays the entity information for activities included in the Limited Liability Company. The
Activities included in LLC
statement dialog lists all federal activities included in the LLC. If no data is present in the statement dialog, the LLC is a state unit only and no federal data entry is transferred to the LLC.

Personal Use Information

Information in this screen transfers from federal Rent-2 Screen when vacation home rental data is entered and the activity is identified as included in the LLC.
Data entered in these fields is displayed on Form 8825. All expenses in CALLCRnt Screen are multiplied by the ratio of days used personally to total days used personally and rented.
Enter a percentage of rental use if different from the ratio of days used personally to total days used personally and rented.
Amounts entered in this field are entered in full on Form 8825.
Amounts entered in this field are entered in full on Form 8825.
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