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Switch owned rental property into llc
How would I make this change on my Schedule E ( which I have been doing for years)?
Also, What's the real truth about "piercing the veil"? Am I doing this for nothing since the only reason I am considering doing it is purely to protect this paid off property from lawsuits from within the building, and from my other outside businesses. ( I Know many investors suggest forming a separate llc for each rental properly)
Opinions?
‎December 9, 2023
6:59 AM