Generally, it is not advisable to hold real estate in a corporation and LLC rules are state-specific. ---------------------------------Since I just read a post on a different board where someone said their lawyer had them put their rental property in an LLC, is there a reference link you can post ? (I'm not doubting you but I have a rental property and I can use some education.) _______________________________But an LLC is not a corporation. And it won't be taxed as one, unless you go out of your way to elect to have it taxed as such.A one-owner LLC is, absent an election, a "disregarded entity".An LLC with multiple owners, absent an election, is a partnership for tax purposes.Those are the default provisions. You can make what's called a "check-the-box" election, and have an LLC taxed as a C-Corp. or S-Corp. But I would usually want a really good reason for doing either.But generally, if you're acquiring a new rental property, I would think it should be in an LLC for liability purposes. You usually don't want rental real estate in a corporation.Bill
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