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
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on .
Most recent reply
presented by
Canadians! Transferring a property to an LLC?
For instance, for my first purchase, if I wanted to buy a duplex would I then, at any point, be able to transfer that duplex to an LLC if purchased with a mortgage? And how soon?
If not, what would be the best way to protect myself and the asset if a tenant were to sue? Would insurance be enough
Most Popular Reply
Eamonn McElroy
#5 Tax, SDIRAs & Cost Segregation Contributor
#5 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- Atlanta, GA
- 1,764
- Votes |
- 1,982
- Posts
Eamonn McElroy#5 Tax, SDIRAs & Cost Segregation Contributor
#5 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- Atlanta, GA
As @Account Closed mentioned, you'll want to consult tax professionals on both sides of the border before you do anything.
Canada treats all US LLCs as C Corps without regard to how they are taxed in the US.
An LLC might not be the optimal entity.