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Investors & landlords
1. We already purchased the house under our personal name, can we transfer partial of the house (basement) or the whole house to the LLC to reduce the liability risk? You cannot ... the LLC is useless for you ... instead just upgrade your liability insurance on the home ... the increased cost will be an expense on the Sch E.
‎November 28, 2021
2:36 PM
1,360 Views