If your LLC is a disregarded entity or a partnership, then the income and expenses from your rental activities flow-through to the member/partners.
Your personal tax liability from your rental property activity with the LLC in place would be exactly the same as your personal tax liability when the property is held in your own name.
The LLC helps shield your personal assets from a lawsuit arising from your LLC activities. An LLC does not really "protect" you from a lawsuit; it just limits your liability in the event your LLC gets sued.
If your LLC is a disregarded entity or a partnership, then the income and expenses from your rental activities flow-through to the member/partners.
Your personal tax liability from your rental property activity with the LLC in place would be exactly the same as your personal tax liability when the property is held in your own name.
The LLC helps shield your personal assets from a lawsuit arising from your LLC activities. An LLC does not really "protect" you from a lawsuit; it just limits your liability in the event your LLC gets sued.