[Alex Bravo]

Alex Bravo

Thank you Northern Residential for your reply.

Let’s say you have a single-member LLC, which you can classify for tax purposes either as sole proprietor or as S-Corporation. So from liability point of view it’s the same.

And that LLC doesn’t have any self-employed income – it’s all rental income. Then self-employment tax also doesn’t matter.

In this situation are there any advantages of filing separate 1120S?

Alex