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Updated about 8 years ago on . Most recent reply
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How to Tax my Income in a LLC
Hello All!
I'm very excited to announce that I am in the process of purchasing my first two single-family homes to begin my real estate career. I am purchasing these properties with another local investor where we formed a LLC. I have done some research and I have seen many different views on how you should tax your income. Would the best (tax efficient and easiest to do) way to file my taxes is add the income from my LLC to my 1040 Schedule E or should we file as a C-Corp or other entity? I am a beginner to this industry to any advice from other professionals or others who have had personal experience in this issue, the help would be appreciated.
Stay great and get ready to rock 2017!
Jason Meyers