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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationReport rental income under an LLC or personal name?
Mina G.'s profile image
Mina G.'s profile image
Mina G.
  • Rental Property Investor
  • from Jersey City, New Jersey
  • Member since Sep 17, 2013
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Mina G.'s profile image
Mina G.'s profile image
Mina G.
  • Rental Property Investor
  • from Jersey City, New Jersey
  • Member since Sep 17, 2013
Connect
Mina G.
  • Rental Property Investor
  • Jersey City, NJ
7
Votes |
88
Posts
Tax, SDIRAs & Cost Segregation

Report rental income under an LLC or personal name?

Mina G.
  • Rental Property Investor
  • Jersey City, NJ
Posted Jul 9 2019, 17:56

I have multiple properties under my personal name. Should I start depositing rental income and pay my mortgage from a business account (a single member LLC) or continue to do everything under my personal name?

What’s the upside and downside of both?

Long term plan is to purchase more buy and hold properties.

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