@maglib wrote:
Since you can't take the passive losses, there is no benefit of renting via an LLC and a potential issue on the sale of the property.
From the link that was posted:
A disregarded entity is an LLC that does not file its own tax return.
So if you are going to buy a house with an LLC and rent it to yourself, you need to make sure it is an active LLC that is filing taxes.
So, total nonsense and inaccurate; an LLC that has a single member (without an election to be treated as a corporation) is disregarded for federal income tax purposes irrespective of whether the LLC is an "active LLC".
