@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

You need to have the income and tax liability to support the depreciation.

And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.

Renting a garden unit, for instance, could generate $1,200/month but must comply with city codes to avoid fines.4.

This way, investors could avoid the tax burden since the operations would fall under a European entity.

But higher tax rate in PG county. 

@Emily Gowen so as you pointed out you would not have to do a 1031 exchange on your current home to avoid the capital gains tax and coupled with what Dave Foster pointed out I think, speaking from experience you would have a high likelihood of success. 

We are direct lenders, meaning we lend our own money, for flips within approximately 1½ hours of our home.We walk through every property to avoid surprises and to confirm the rehab estimate.

The process will be slow, but with patience and smart planning, you can move forward step by step.🔹 Property Tax Relief – If your property is severely damaged, you may qualify for reassessment and potential tax refunds.