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
  • Partnership
  • Limited Liability Company (LLC)
  • C-Corporation
  • S-Corporation

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