LLC rental income from S corporation - members/sh same

I have an LLC client that owns real estate and has two members. the llc rents the property to an S corporation, the s corporation pays the llc rents. the s corporation is owned by the same two individuals who are members in the llc, is this a self rental therefore the net income subject to self employment tax?

It's pretty common for an S Corp to run the operations, and lease the building from a partnership or DRE that is also owned by the same owner(s).

It is a self-rental, but I don't think you get to SE tax merely because of that.

There are implications under IRC Sec 469 and Sec 199A for self rentals.

No SE tax here.

appreciate the responses; helpful.

thanks

Old thread, adding on. MMLLC rents equipment from 60% partner. I'm assuming self-rental loss limitations will apply here and possibly some QBI implications. However, is the rental of personal property (with no real property involved) subject to self-employment taxes? Sch C for this one, or possibly Sch E?

Equipment rental usually goes on C not E.

And therefore, yes, subject to SE.