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Investors & landlords
@sidekickin wrote:
Thanks for all the feedback. It sounds like if all I have is passive income from investments that there is really no point in forming an LLC since I cannot use the Section 179 deduction. However, with respect to writing off depreciation on the asset as an individual, if at a later time the asset is sold for the same price as I purchased it for, will I owe back the depreciated amounts I took over the years?
You always owe recapture, whether you are a sole proprietor, LLC, or C- or S-corp.
‎June 30, 2021
1:11 PM
2,228 Views