Real Estate Professional status and holding property in LLC

[Freeman L.]

Hello Friends,

I'm hoping for some tax related advice. We are about to close on a SFH that we are buying for cash and we were planning on deeding the property to an LLC for liability reasons.

However, my wife is a full time home stager and our AGI is over 150k, therefore my CPA strongly suggested that we hold the property in her name to receive Real Estate Professional tax advantages.

Is this correct? Do we have to hold the property in her name? Can we not hold the property in an LLC and still get the same tax benefits?

Thanks in advance!