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Level 1

Should I form an LLC for my first investment property purchased in Texas, or leave the property under my name?

 
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Level 20

Should I form an LLC for my first investment property purchased in Texas, or leave the property under my name?

You should actually seek an in-person consultation with a legal/tax professional prior to making any decisions.

 

With respect to your specific question, read through the following thread.

 

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-are-their-tax-bene...