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Investors & landlords
My goal is not the legal protection of the LLC. My goal is to legally save taxes. If I rent from my LLC that is taxed as a C-Corp, then it appears that I can depreciate and also legally avoid the SALT limitation so I can deduct property taxes beyond $10k. I’m not concerned about selling as I would let my children inherit the property so no capital gains issue. Also, I can fortunately do this sale from me to the LLC using cash, no mortgage, so “due on sale” mortgage issues also don’t apply. Plus, the C-Corp only gets taxed at 21%. It seems like a “no brainer”, what am I missing?
August 26, 2019
6:37 AM