@Carl wrote:
......I myself can see no tax benefit for a married couple that files joint, to put a rental property into an LLC. Maybe it's a state tax thing?
For some, particularly the HNW folks, it boils down to liability, whether that's induced by (legal/financial/tax) professionals or someone else. For others, it clearly involves the (faulty) rationale that creating an LLC somehow generates more and larger tax deductions ("write-offs").
