Tax reform - save tax dollars on properties under LLC

[Bharath Janakarajan]

Hello All, I own my investment property under my name.

However, with the current version tax reform, it does look like pass through business (like S corp and LLC) with less than $500,000 income will be able to automatically deduct 23% of income. Anyone else read the current tax bill like I do. If yes, It would make a lot of sense to form LLCs and register ownership to LLC. Thoughts and ideas? I am thinking I would do the transfer before year end since the final tax bill may be effective 2018.

Thanks,

Bharath