Tax Implications, with Trust owning LLC

[Elliot Shoener]

I am purchasing multiple rental properties and will be registering each in an individual LLC. Those LLC will be owned by a Irrevocable Trust. From my understanding, the rental income etc. will pass-thru to the Trust. I have other businesses etc. that create significant income. If the property is owned by the LLC and LLC owned by trust with all income, can I still use depreciation tax strategies to limit tax liability? We'll qualify as a real estate professional so we can bonus depreciate the properties. I want to use this surplus depreciation to offset other passive and w2 income. My worry is by placing the properties into an LLC owned by a Trust, I won't be able to do this as the Trust is the owner of the property and depreciation so it can't be passed along to my w2 income or other business income.