New Tax law - LLC Rental Income
With the new tax law, net income that is received via a pass through entity is allowed to have a 20% tax deduction. Essentially 20% of the rental’s net income is tax free.
Most owners have mortgages on their property and most banks do not allow mortgages to be associated with an LLC.
Does anyone have an idea on how to structure it so that the property’s title can stay in the owner’s name (Bank demands this) while still collecting the rental's net income via an LLC? Thanks.