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Updated almost 2 years ago,
LLC and 1040C
I recently moved one of my rental properties into an LLC to protect my personal assets. When I filed my taxes, my tax agent said that I must file a 1040C for the LLC and that the 1040C does not protect my personal assets. They told me that I must move the property into an S-Corp in order to shield personal assets. Any guidance or tax laws for this? Any questions I Can ask the agent for further explanation or rebuttal? Thanks for any input