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Tax, SDIRAs & Cost Segregation

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240
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Jasmine C.
  • Real Estate Consultant
  • Reno NV
60
Votes |
240
Posts

Partnership llc vs tenant in common

Jasmine C.
  • Real Estate Consultant
  • Reno NV
Posted Jun 19 2019, 09:56

Hello. I’m purchasing a single tenant commercial building and my cpa said I should purchase the building as 50/50 separate ownership like tenant on common vs a partnership llc because it’s easy to sell and he can do our taxes as a single member llc. Is this common to purchase a building this way? Pros and cons?

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