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Get your taxes done using TurboTax
Mike and Todd, thank you for taking the time to answer my question. I was about to file a form to set the entity as a sole proprietor. Looks like that is not a good idea.
Based on the responses, seems like although I transferred the title on rental properties to LLC, the income and expenses still need to be filed under personal taxes.
Is there an advantage of an LCC other than liability protection?
‎February 14, 2021
5:29 PM