Calling all accountants; property in my name or LLC?

[William Allen]

I am getting ready to put a property under contract and I need to decide if this will go into my name or the name of my LLC. Can an accountant please help me out here with my logic please?

Facts to work with: I am about to put a house under contract which will be flipped. I am still carrying a large loss on my personal tax return from a rental house I sold in 2009. I have been using this loss to offset gains produced on previous property sales. I own a single member LLC that funnels directly to my personal tax return.

Here is the question: I have two options when it comes to this house, purchase in my name or the LLC. I know that if I use my own name the gain can be offset, however I'm not sure when using my LLC.

I would prefer to buy the house in my LLC but I also want to maximize the profits and minimize the tax burden. Thanks for the help!