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Updated 9 months ago,

User Stats

11
Posts
17
Votes
Dave Hart
Pro Member
17
Votes |
11
Posts

Tax benefits when buying in an LLC

Dave Hart
Pro Member
Posted

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?

  • Dave Hart
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