Tax Benefits with LLC or Limited Partnership vs Personal?

[Account Closed]

Hello All, Any opinions on whether or not there are any tax benefits and savings when purchasing a Multi family as an LLC vs Limited partnership or personal entity?

[Dave Toelkes]

Assuming you are planning to operate the multifamily as a rental, there are no tax benefits available to a pass-through entity (LLC or partnership) that you wouldn't have anyway as a sole proprietor. As to savings, the setup and annual LLC maintenance costs will give you a lower after tax income than you would have had without the LLC.