Updated over 7 years ago on .
New tax laws and LLC's
Hi everyone, I am new to BiggerPockets and have been investing in RE for the last 10 years in Los Angeles, CA. Investing in RE is a part time hobby as I am employed full time and my strategy has been to buy and hold. My question to members is: with the recent change in tax laws signed by Trump are there significant changes to compel investors to create LLC's to take advantage of "Pass through" write-offs" etc? Since I started investing my CPA has advised me against forming LLC's for my RE holdings due to costs so I have kept them in a family trust and carry adequate liability insurance. Is it time to change my current set-up? Thank you!! -CH