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Updated 9 months ago,
Tax benefits when buying in an LLC
My current rentals are all in my personal name with conventional loans. As I grow (looking to buy #4), I'm exploring buying in an LLC with a DSCR loan. What I don't understand is how should I think about the tax benefits when holding rental property in an LLC. I love the current benefits to my personal tax return with depreciation and mortgage interest. Can I continue to get the tax benefits to my personal taxes if property is in an LLC? If not, I assume the LLC would then recognize those benefits, but I'm not sure how.
Anyone have an easy way to help understand this?