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Updated over 1 year ago,
Necessity to Transfer Properties to an LLC?
I have two properties that are currently not in an LLC. One is a SFH and the other is a house hack I'm living in. Is it okay that I create an LLC and manage the revenue and expenses for these properties through the LLC? Or do the properties have to be transferred into the LLC first for me to do so?
There are a lot of tax write offs I feel like I'm missing out on by not operating through an LLC and having a separate business account.
Thank you