https://justsoldit.com/wp-content/uploads/2012/05/1.jpg 480 852 Linda Gerchick https://justsoldit.com/wp-content/uploads/2019/05/LindaGerchick-logo-v1.png Linda Gerchick2012-05-24 18:59:532023-06-01 17:22:12Notes from the Certified Public Accountant
If you decide to invest in real estate, particularly if for residential or commercial rental use, you have essentially gone into business and there are many tax benefits to owning such a business.
First, it is important to consider all of the possible forms of ownership and the tax benefits of each. You can own a business as any of the following:
- Sole Proprietorship
- Limited Liability Company (LLC)