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Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121565  
Subject: Re: Residential vs LLC shareholder Date: 12/2/2009 12:40 PM
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ptheland:

<<<have two opportunties and can't figure out which is better tax strategy in the long run.>>>

"Forget the taxes for a minute. Which is better financially? What income will you get? What expenses will you have to pay? How certain are those figures?

One small step of that is figuring out what the tax expense will be for each of these options."


I agree that the OP has the tax tail a couple of hundred yards in front of the cart (mixing my metaphors), but I think that there is an even more primary question.

OP wrote: <<<Buy a residental house. Eligable for housing tax credit.>>>

OP needs to determine whether he/she is buying a place to live or or making a real estate investment (and choosing to live somewhere else).

I am also unclear why this is an either/or choice. If OP chooses the LLC investment, OP will still have living expenses of some kind.

Regards, JAFO
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