LLC or run single STR through personal account and taxes

Seattle, Washington

Tax, SDIRAs & Cost Segregation

LLC or run single STR through personal account and taxes

Member since 2022 · 4 posts · 3 votes

Just purchased single, out of state, property for STR.

As a married couple do we set up LLC or run expenses and income through our personal names? This is in regards to banking and taxes?

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Ashish AcharyaBusiness Member
CPA, CFP®, PFS · FL · Member since 2017 · 5k+ posts · 3k+ votes
4y
LLC will not change you taxes on this.That will be more of legal protection.
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