Hello all,
Is there any tax advantage to owning each investment property in a separate LLC? Something to do with depreciation schedules for multiple properties w/i one LLC? I’m not sure I understand what I heard regarding this?
Thanks for any help.
There aren’t any tax advantages that I know of. There ares some advantages with regard to liability and asset management.
concur.
some people advocate having an out-of-state corp acting as “management co” to strip in-state income into another entity to avoid certain state taxes. This doesn’t work.