Tax write offs for Rental income w/out LLC

[Ali Kattan]

Hello all, 

I recent purchased my first rental property and I already have decent tenants living in there. I am frankly new to this rental property investment world and have only purchased one other home before this rental one. I was wondering if anyone can share their insights on whether starting an LLC is the most benefical for beginners (like me) at this moment. And if not, would I still be eligible for the investor tax write offs (interest, taxes, repairs Etc) that one with an LLC or a Property investment business would have.

Thanks! 

[Mike S.]

@Ali Kattan

An LLC usually does not provide any tax advantage. It is mainly for asset protection.

Especially if you use single member, disregarded entity, all expenses are still going to your tax return.