Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago, 01/11/2018
Tax filing questions - Massachusetts
Hi there, my business partner and I have 3 multi families in Massachusetts. For liability purposes, we were suggested that we create individual trusts for all of them (3 in total) and make our LLC as the beneficiary. Since all these 4 entities will have a tax id associated to them, I am trying to figure out if we will need to file taxes for the 3 trusts, or just the LLC.
I understand that I'll probably need an accountant for this but if there is any guidance I can get here, it will be very helpful.
Thanks in advance,
Vikas