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Updated about 5 years ago,
Is an LLC needed for 'primary residence' Duplex?
Currently looking for a duplex in central New Jersey area. I will be obtaining this property as my primary residence and living in one unit. I will be renting the other unit. Should the rented unit be placed under an LLC? Eventually I would like to rent both units and move on to another property. Does anyone have any input on the legal/tax aspects for this kind of situation? Thanks!