Many real estate professionals choose to designate their LLCs as an S corporation, known as an S corp, for tax purposes. While this move can lead to significant tax benefits, it also comes with an added level of responsibility. Here's what you should consider before changing your tax designation. Armed with this knowledge, you should be able to make the best decision for you and your business.
How Should You Structure Your Real Estate Company?
Second Home vs. Investment Property: What Are The Tax Differences?
Classifying a property as a second home or an investment can make a big difference in your tax deductions.
How Are Rental Properties Taxed?
There are a number of deductions landlords can take to reduce their tax liability.