Updated over 5 years ago on .
Paying Taxes with LLC
Seeking how other investors set up their business. I understand that their strategy will still require me to find a legal/tax professional.
I am Leveraging house hacking.
Created LLC to be able to open a business bank account for my tenants and get a interest bearing security deposit account.
I can't put the house in the LLC, because I used an FHA and the bank will not allow that.
Do I still need to file taxes annually as a LLC entity? Or will simply filing it on personal taxes suffice?
State: New Jersey.