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Updated over 6 years ago,

User Stats

44
Posts
18
Votes
Caleb Dryden
  • Rental Property Investor
  • Bridgman, MI
18
Votes |
44
Posts

Should I put my rental (plan to sell) in an LLC to avoid C-gains?

Caleb Dryden
  • Rental Property Investor
  • Bridgman, MI
Posted

Here's the scenario...

My wife and I lived in this house for 4 years, rented it out the last 4 and are thinking about selling it. I'm wondering if there are any advantages to putting in an LLC right before I sell it in order to avoid paying more on my taxes this year? I know I'll have to pay capital gains regardless but wanted to see if there was something I'm missing here. Thanks in advance for your feedback.

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