Should I put my rental (plan to sell) in an LLC to avoid C-gains?
Here's the scenario...
My wife and I lived in this house for 4 years, rented it out the last 4 and are thinking about selling it. I'm wondering if there are any advantages to putting in an LLC right before I sell it in order to avoid paying more on my taxes this year? I know I'll have to pay capital gains regardless but wanted to see if there was something I'm missing here. Thanks in advance for your feedback.