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Updated almost 6 years ago on . Most recent reply

Gaurav G.'s profile image
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Gaurav G.
  • Investor
  • from Coppell, Texas
  • Member since Oct 22, 2016
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Gaurav G.'s profile image
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Gaurav G.
  • Investor
  • from Coppell, Texas
  • Member since Oct 22, 2016
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Gaurav G.
  • Investor
  • Coppell, TX
1
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Multi-Family and Apartment Investing

Invest as a trust vs an individual

Gaurav G.
  • Investor
  • Coppell, TX
Posted

Hello - 

I will be investing in an multi family apartment complex via an LLC. I have always invested as an Individual in past but now that I have a TRUST (living trust), is there any benefit to invest as a trust vs an individual?

Will I have to file separate tax returns as a TRUST when I get the K1s every year & at the time of the sale?

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Alina Trigub's profile image
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Alina Trigub
  • Rental Property Investor
  • from Glen Rock, NJ
  • Member since Nov 30, 2015
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Alina Trigub
  • Rental Property Investor
  • from Glen Rock, NJ
  • Member since Nov 30, 2015
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Alina Trigub
  • Rental Property Investor
  • Glen Rock, NJ
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Alina Trigub
  • Rental Property Investor
  • Glen Rock, NJ
Replied

@Gaurav G. You should consult with your accountant on the question of filing taxes. 

Since I'm not a CPA this is just my opinion. If you have a revocable living trust you do not have to file 1041. 

But I'll let accountants give you more guidance. @Michael Plaks, @Ashish Acharya you want to chip in? 

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