LLC for Rental Property: A Plain-English Guide for Small Landlords
How an LLC for rental property works for a small landlord: taxes (Schedule E by default), liability limits, the mortgage due-on-sale issue, costs and setup steps.
Rental property expenses, Schedule E and deductions explained for small landlords, with IRS sources.
Income and Schedule E
How rental income is taxed
Schedule E line by line
1099 for landlords
Expenses and deductions
Tax deductions checklist
Expense spreadsheet
Repairs vs improvements
Mileage deduction
Depreciation and losses
Depreciation calculator
Rental loss rules
Real estate professional status
Selling a rental
Capital gains tax on a rental
Depreciation recapture calculator
Rent vs sell calculator
Records and set up
Landlord record keeping
LLC for rental property
Balance sheet and income statement
Every article in this section is listed below, newest first.

How an LLC for rental property works for a small landlord: taxes (Schedule E by default), liability limits, the mortgage due-on-sale issue, costs and setup steps.

The IRS real estate professional tests for landlords: more than half your work hours and more than 750 hours, material participation, the election to group rentals, examples and records.

Which 1099 forms a landlord sends and receives for 2026 payments: the new $2,000 threshold, the February 1, 2027 deadline, a worked example and a free fillable 1099 checklist.

Why a rental loss often isn’t deductible, how the $25,000 allowance and the $100,000 to $150,000 phaseout work, and what happens to suspended losses, with 3 worked examples.

How rental income is taxed in 2026: what counts as rent, Schedule E, mortgage interest vs principal, a worked example, the new 1099 rules and California.

Free depreciation recapture calculator for rental property: see the part of your gain taxed at up to 25%, the capital gains part, and an example sale after 10 years.

Free 2026 calculator for the tax when you sell a rental property: depreciation recapture, 0%, 15% or 20% capital gains and the 3.8% tax, with a Florida duplex example.

Which records small landlords need, how long the IRS says to keep them, and a simple folder system that takes 10 minutes a month.

A free calculator for residential rental depreciation over 27.5 years, with the first year mid month rule explained in plain English.

How landlords deduct driving to their rentals in 2026, which trips count, and a free mileage log that applies the right rate for you.

How to tell a repair from an improvement on a rental, with real examples and the three IRS safe harbors small landlords can use.

Every common tax deductible rental expense in one checklist, with the Schedule E line next to each one.