Tax credit 45L for a 90 unit or 112 unit project? 

Forming an LLC for your rental property can offer liability protection, but no real tax benefit.

You are looking at the rent of $2,000 and mortgage (Loan, Insurance, and Taxes) of $18000 and thinking you have $200 cash-flow.

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

If you live in CA, and your LLC is in OR, you still need to register it in CA and pay the 800 dollar per year LLC tax.

5 Tax Mitigation Strategies Every Real Estate Investor Should KnowAs a real estate investor, every dollar you save in taxes is another dollar you can reinvest into growing your portfolio.

Hello Biggerpockets Community, This is my first post as I am trying to utilize BiggerPockets more. 

I used to live in the city and the taxes and water bills are nightmares.

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.