Tax Benefits of a LLC

[Tyler Clearman]

What are the tax benefits of having my company own the property instead of me owning it? How can a LLC save me money on taxes?

[Lance Lvovsky]

From a pure tax compliance perspective, there is no tax benefit of an LLC. You can deduct the same expenses for your rental if the property is owned in your name. The benefits come elsewhere - asset protection, limited liability, tax planning opportunities increase, etc.