Your LLC is the same as you for tax purposes, technically called a disregarded entity.

If you move forward, make sure the LLC is properly set up and operating as a business—especially when it comes to collecting rent and paying the mortgage.Lastly, about taxes—transferring ownership won’t necessarily keep the income off your personal return if you're a single-member LLC, as it's considered a disregarded entity.

Not unless you are a slum-lord and have total disregard for the law.Setup one LLC with two bank accounts.

Furthermore, this rule may be disregarded as investors become more creative.For instance, if investors intend to buy and make a long-term hold play, betting on appreciation, they may be able to afford to pay more.

He has disregard for city and state laws and it shows a pattern.We did serve notice prior to him requesting an application to be on the lease.

If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.

As a single-member LLC, the IRS considers it a disregarded entity, meaning the income, expenses, and other tax-related items will still be reported on your personal tax return via Schedule E.

Disregard the location listed in the post as they did not have an option for Kalispell the nearest large town.

If you want to be taxed as a disregarded entity (the default for single-member LLCs), filing this form informs the IRS of the change.

Assuming the LLC is a single member LLC, the LLC will be taxed as a disregarded entity on your personal return.