LLC or run single STR through personal account and taxes
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?
Ashish Acharya
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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
Pro Member
#2 Tax, SDIRAs & Cost Segregation Contributor
- CPA, CFP®, PFS
- Florida
LLC will not change you taxes on this.That will be more of legal protection.
