An LLC is a legal entity that doesn't exist at the federal tax level.An LLC can be taxed as a Disregarded Entity, Partnership, S Corp, or C Corp based on number of members and elections made.An S Corp is a federal tax status (that many states also follow) that doesn't exist in the legal world.An LLC taxed as an S Corp vs a corporation taxed as an S Corp is the exact same at the federal level (there are potential state differences).

Thanks,RayNothing will change on how you were reporting.SMLLC is disregarded for tax purposes, so you will still report everything in your personal schedule E.

If your LLC are single member disregarded entity, they don't file any tax return as they are directly entered in your personal tax return.

They disregard the 18 and 12 month notifications that their LoC is approaching the end of the draw period and will enter into 15 year amortization.

It can be taxed as a Disregarded Entity, Partnership, C Corp, or S Corp depending on the ownership makeup and election made.You are correct that Canada treats all US LLCs as corporations for Canadian tax purposes. 

One that I have thought a out but have quickly disregarded.

@Ryan Pilioglas the hard part will be finding the sellers willing to sell at your price, this has become tougher as everyone has discovered the Zestimate and disregards the condition of their home.

So disregard the book reading part. :) 

However, generally, if your single-member LLC is created properly and is considered a disregarded entity for IRS and state purposes, the transfer of the 1031 replacement property into the LLC will not cause a problem for the 1031 exchange process or for capital gains consideration.

(Single Member LLC ("disregarded entity"), owned by my revocable living trust).Additional note: The State of primary residence does not consider owning real or personal property as transacting business -- thus, registration of the foreign LLC would not be required.