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Deductions & credits
I am not knowledgeable at all on trusts.
Transferring properties to a single member LLC changes nothing for tax reporting. All rental income/expenses still gets reported on SCH E as a part of your personal 1040 tax return. Nothing concerning the rental is reported on SCH C.
Transferring properties to a multi-member LLC also changes nothing tax-wise. The multi-member LLC will issue each member a K-1 which gets entered on the personal 1040 tax return. The information ends up on page 2 of the SCH E as a part of the owner's personal 1040 tax return.
Some possible issues with transferring property ownership.
1. If mortgaged, the mortgage lender typically will not allow it. You would have to "sell" it, or refinance it to the LLC and pay all applicable closing and other costs associated with that.
2. Property insurance could be an issue, as liabilities may (or may not) be different for a disregarded entity.
Since I know GA taxes personal income, you would be highly advised to seek the services of a professional well versed in "ALL" legal aspects of this; especially on the tax front.