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All Forum Posts by: M D Hill

M D Hill has started 1 posts and replied 1 times.

General Landlording & Rental Properties

Post: LLC For My New Rental /New Tax Law

M D HillPosted
  • Posts 1
  • Votes 0

Just got a binding contract on my first rental in Franklin TN ! 

So ... I'm thinking of starting an LLC for my property company. I know it costs a little ....but seems worth the protection it affords. Also I've been made aware of the new tax law that provides a 20% tax ded for equip/contents of which I'd like to take advantage. Am I correct that an LLC has to be in place to take that deduction? Here's a link to what I am referring. Thanks for all advice!!

http://bakertilly.com/insights/bonus-depreciation

0 Votes