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Selling former primary home to LLC
I have a former primary SFH that is fully paid of and about to reach the 2/5 years rule. I have no plan of selling it. I want to convert it into an LLC to offset the capital gains. I was about to start an LLC, but few are suggesting, with LLC there is no partion or separate entity, it has to be S corp. I have requested my CPA. but meanwhile, would like to hear from experts with previous knowledge on this topic. Pls advise which is the correct way of doing it LLC or S Corp. What are the pros and cons. Thank you