Both LLC's would be disregarded entities for tax purposes.Thanks.

This is what is called a "disregarded entit".When she sells the property she'll get the proceeds allocated to the unit she lives in tax free within the sec 121 limits. 

I believe you are confusing the option to operate as a disregarded the entity, which has nothing to do with asset protection.

So if long term rentals is the route you're looking to go, disregard this post and check back for my "Short Term vs.

Disregard what other people are doing.Get Started.

@Ana Vhan - The IRS needs to see the same *taxpayer* on both sides of the exchange.If you file jointly, and your trust is disregarded, you should be able to take title in the name of the trust.Your tax professional can confirm, and your QI can support that decision.

Most people would say that if anyone shows up late, you should immediately disregard their bid later. 

Having an LLC(if it is a single-member LLC) means that it is considered a disregarded entity.Therefore, you would report it as if you own the activty/property directly.Most rental properties(STR included) is reported on Schedule E.

This is disregarding the fact that 5-8% (let’s call it 6.5%) of $400k for appreciation is a $26k/annual profit versus $6k on your cash flowing home.

3) What items should I definitely disregard, i.e., which one does not bring much house value at sale?