It is income regardless of which account you keep the funds in.The same holds true if you are holding the properties in a pass through entity such as an LLC or an S-Corp - as well as many trust structures.The only time you would not declare this as personal income is if you are holding the properties in a C-Corp or a trust structure specifically structured for this.

Send mailers to employees who have been laid off (ie “corporate downsizing” in the news) 37.

Variations on this question are frequently posted, demonstrating how confusing the topic is.Bottom line - forming an LLC does not change your tax situation unless you elect to have it taxed as a corporation - which YOU (Andrew Namkoong) probably won't.Whatever INCOME your real estate investments produce will pass through to your individual income tax return, and it will be added to your other sources of income and taxed per the table you provided (ASSUMING you are married and filing jointly - since you provided the federal tax table for married filing jointly.)I recommend getting the BP Tax Book discussed in the thread pinned at the top of this forum.

They have corporate leases in place and couldn't be happier.

Oh boy, sounds like another mind numbing corporate meeting.

Georgia guru Dyches Boddiford has an entire course ("The Corporate Fortress") devoted to these advanced strategies.

Do you recommend a LLC or other corporation type? 

My concern is that corporations currently located within NYC continue to look for ways to cut costs and will possibly move operations / headquarters into lower cost locations throughout the US as technology advances and allows for it.

Andrew Johnson take your car to CarMax for a no nonsense offer.You might be shocked at how much they will give you for it and you are under no financial obligation whatsoever to sell it to them or buy another car with the profit,if any.

Through this relationshiop you learn of this type of opportunity--example only Loc- Atlanta marketEntry: Acquistion $7-10million for 30Acres which includes 7 parcels in what is a Mixture of 5 Land Parcels and 2 existing Sfr. that are in stable condition builts in late 70's.Value Add Plan: Force Appreciation with Development mix of residential units (townhomes&sfr's) and corporate guaranteed leases on commercial pads (est 90,000 leasable SquareFeet of Built to Suit Development that'll lease ($25-30/SF/YR) Leasable commercial and command sub 7 cap.Exit(s) - The Residential will be vertically developed and sold in phases.