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Updated about 5 years ago,
Tax write offs for Rental income w/out LLC
Hello all,
I recent purchased my first rental property and I already have decent tenants living in there. I am frankly new to this rental property investment world and have only purchased one other home before this rental one. I was wondering if anyone can share their insights on whether starting an LLC is the most benefical for beginners (like me) at this moment. And if not, would I still be eligible for the investor tax write offs (interest, taxes, repairs Etc) that one with an LLC or a Property investment business would have.
Thanks!