2nd home owned by LLC

[Rachel Cox]

WE have a client that is putting their 2nd home in an LLC, they do not reside in the state of the 2nd home, so this is for liability protection of their investment. Eventually they will retire to this home, my questions are:

*Can they depreciate this home and if so or if not why?

*what is tax benefit or negative of the home owned by the LLC

*should they leave the home in the LLC when they make it their main home for retirement?

Thank you,

Rachel