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Updated almost 8 years ago,

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Account Closed's profile image
Account Closed
  • from USA
  • Member since Feb 8, 2017
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from USA
  • Member since Feb 8, 2017
Connect
Account Closed
  • USA
62
Votes |
102
Posts
Tax, SDIRAs & Cost Segregation

Is this a STUPID question or what?

Account Closed
  • USA
Posted
I have a house that is paid for and has been used for rental property for the last 20 years. It was never put into an LLC. We bought it new in 1986 and lived in it until 1997. The cash flow that it generated was always taxed as income. Can I now move it into an LLC and take the depreciation?
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