Updated almost 10 years ago on . Most recent reply
LLC for new rental constructions?
Right now, I believe I won't be able to write off any expenditures on a new construction (for rental purposes) until the home is completed and in service. Is this only for Sole Proprietors? If I put my existing rental in an LLC and do all construction business under the name of the LLC, are there any tax benefits? Or would the same rules apply?
Thanks,
Justin