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Subject:  Rental, LLC Date:  6/3/2019  9:06 AM
Author:  richinaz Number:  14248 of 14285

When I started renting out my previous residence, I (well, my attorney) put it in a LLC. Now, after 8 years, I'm moving back into it as my main residence. Is there any reason I should move it back into my name? I have < 2 years to pay off the mortgage.

For taxes, the LLC just passes through to my tax return.

I realize that whenever I do sell the house, I have to account for the depreciation but not the capital gains if I reside there for a couple of years.

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