However, the CRA treats LLCs as corporations, meaning you could face double taxation—once in the US and again in Canada at the personal level when the income is distributed.Typically, this issue is addressed by establishing a holding LP or LLP and then using single-member disregarded LLCs that are wholly owned by the holding LP.

  ;)  If you prefer to disregard my professional advice, be my guest.

@Wen Chen Transferring your single-family home (SFH) to an SMLLC (single-member LLC), which is a disregarded entity for tax purposes, will not impact your ability to claim the Section 121 capital gains exclusion, provided you sell within three years of moving out (by 2026, not 2028).

If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.

This would appear a blatant disregard for disclosing to would be Investors information that would have been needed to make an informed investment decision.Perhaps you already have this YouTube video.

., I'd still recommend QBO but using it differently than you currently use it.Adopt QBO Plus, and as long as all of your entities are "disregarded" for tax purposes, you can use the location/business feature to track each individual entity all within 1 QBO subscription.If any of your entities are a "filing" entity (file a separate tax return; partnerships; corporations; etc), those entities require their own QBO subscription.Happy to discuss further.Hope that helps!

The FL LLC is disregarded, so for tax purposes, is it as if the WY LLC owns the property directly.

MOST if not all LLCs owned by spouses can be “disregarded entities”.  

I'm buying another home, and need as much as possible on Line 13 as an add back for Lending At first he disregarded the entire amount and put in last years carried forward depreciation of $1,346I asked to reflect accurate number of $19K again explaining its an addback for me. 

Probably the LLC is irrelevant (a disregarded entity) because it sounds like you've got spouses residing in a community property state?