When you own both a business and rental properties, you have to answer an important question…
How should you structure the ownership of your rentals to limit liability exposure and get the best tax benefits possible?
The answers to this question can be tricky. Which is why now is the perfect time to read my new, free article titled Tax Tips: Tax and Liability Answers for Business Owner’s Rental Properties.
Three ways our fact-filled article can help you:
- We’ll tell you which “legal choice of entity” makes sense for you. There are four basic “legal choices” for your rental property entities. And this choice dictates how limited (or unlimited!) your legal liability will be. You’ll get all the important details when you read the full article.
- We’ll explain the impact of owning a single-member LLC. Tax law, by default, classifies the single-member LLC as a “disregarded entity.” What does this designation mean to you? You’ll find out when you read the full article.
- You’ll learn passive loss tax-deduction basics. If your business or rental properties show a profit, you don’t have to worry about passive loss rules. But if one of your businesses or rentals shows a loss, you should know exactly what it takes to deduct the loss. You’ll get that valuable information when you read the full article.