All Forum Posts by: Andrew P.

Thank you very much. Apologies  this was my first post online here. We are From Indiana.

I’m not sure how much it would cost to transfer into an llc. We were hoping to keep it in her name because of the low interest rate which was purchased in early 2022.
It has appreciated and I believe at least 30-40k in equity.  It’s in a good neighborhood.

Hello, question for anyone who may have insight on the best strategy. 

Wife and I recently married. I started a LLC before we were married in preparation to start owning rental properties . It's a sole proprietorship.We
we want to use her condo as a rental

For tax purposes we plan to file separate every year because of her high student loans. 

Question:  Do I  need to add her to my LLc to use her condo as a rental? If so how will that affect our tax returns if filing separate?

Can I keep the LLC as a sole proprietorship and just report it on my tax return?

Will the LLc need to be converted to a partnership and corporation as a separate entity?

Appreciate it.