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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