Does putting rental property in LLC help with lowered taxes?
Getting conflicting information on this subject. Both husband & wife on W2 income w/ one rental property.
Does creating a LLC help with a lowered tax rate for the rental income? Very sparse information on this subject.
I appreciate any response/guidance on this subject.
Amit
PS - CPA says rules are "still evolving" but generally recommends LLC formation to maximize chance of lowered tax rate.