My wife and I own two rental homes. Do we need to create an LLC to capture the 20% tax break or is the schedule E enough to satisfy it?
Thanks for visiting the site and posting on the forum. Unfortunately, we can’t give specific tax advice on rental properties. I recommend reading our articles on rental property tax deductions and benefits and how to start a real estate LLC for more information. If you still have specific questions, it’s best to speak to your tax professional.
All the best,
You must be logged in to reply to this topic.
Not signed in?
Sign in to participate on our website!
315 Madison Avenue, 24th Floor
New York, NY 10017
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.