Should I create an LLC?
Hello BP,
I am house hacking a single family and living in the basement. I hired a PM for the top unit, and they are requesting my social to report my rent income so it can be taxed. Since I am house hacking and this is my first property I didn't consider opening an official business such as an LLC. However since the PM is saying it's required I'm wondering if I should do that now so at least I can write off some expenses. Should I push back on the PM since it's a house hack or should I look into forming an entity now? Any advice would be appreciated here.
Thanks