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Updated over 14 years ago on . Most recent reply presented by

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50
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4
Votes
Mic Nguyen
  • Real Estate Broker
  • pensacola, FL
4
Votes |
50
Posts

Placing primary home into my LLC

Mic Nguyen
  • Real Estate Broker
  • pensacola, FL
Posted

I was wondering if it would be beneficial to place my primary home into my LLC. I know that I would lose my homestead exemption, but I would be able to lower my tax liabilities because of depreciation and could show more income from rent proceeds. Just a quick thought I really haven't did the homework yet.

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