Updated almost 5 years ago on . Most recent reply
LLC For Investment Property
When I title a property into a LLC should I elect to have it taxed as a S Corp or just have the LLC report on my personal taxes and why please.
Most Popular Reply
ASK A CPA INSTEAD OF READING BLOGS LIKE THIS.
However, in case, a LLC is just a pass-thru for income according to the operating agreement. What happens with taxes is dependent on the entity(s) that the income is passed thru to.
If you want to take it as personal income, then do so.