We have many clients who own residential properties that they rent out. We strongly recommend that these properties not be held as a personal asset. No, those residential properties need to be owned by an LLC.
Tag Archives: landlord
Why are you doing this, again?
Yesterday, we spoke about gig workers and the self-employed. But, there’s another sort of side job engaging many taxpayers. Renting out the basement or acquiring and renting a second home.