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Updated over 8 years ago on .
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LLC Tax Structure
My husband and I have formed an LLC for our buy and hold real estate business. We currently have 3 rental properties and hope to grow. Which tax structure would be better for us, a partnership or an S-corp? Thanks!
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Natalie Kolodij
Tax & Financial Services
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I would keep your 3 properties in the LLC as a disregarded entitity and just report it on your 1040. No real need for an S corp.
Rental income only triggers SE Taxes if you're a real estate professional. If you don't qualify at this point there would be no benefit to paying for filing an S corp return.
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