Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

10
Posts
10
Votes
Alicia W.
  • Investor
  • Panama City Beach, FL
10
Votes |
10
Posts

Depreciation of Rental Property in Land Trust

Alicia W.
  • Investor
  • Panama City Beach, FL
Posted

I own an LLC that acts as a management company for my rental properties. All revenue and expenses are channeled through the LLC (management company). As any investor knows, it is wise to seperate ownership via different LLCs, land trusts, etc. of properties to limit liability exposures (one lawsuit against a single property does not place all properties at risk). My tax professional is telling me I am not able to depreciate the rental properties through the LLC (management company) if the deed is in another LLC, land trust or my personal name. Can someone please advise how/where I am able to depreciate them since they are solely used for business purposes?

  • Alicia W.
  • Loading replies...