Now That I Have This Condo, Should I Create An LLC?
I have been reading about this, but I am not comprehending the info.
What is the best way for me to get the tax benefits that real players in the game recieve off of rental properties?
What is my next step?
Newbie,
M
The absence or presence of a LLC does not create any tax benefits. You use an LLC for asset protection but no tax benefits accrue from the LLC.
Perhaps someone in the legal forum will comment further on the best entity to use and how to implement it.