Replying to Avatar Jdwagner17

I don’t even want to bring this up because it’s such a cluster duck.

You can put your property in an LLC and rent it from your self and depreciate the property. It’s very annoying and I don’t know how to do it start to finish.

https://www.irs.gov/publications/p946

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The Beave 1y ago

Wouldn't that just shift the taxes to the llc?

If I was going to do anything with this, it would be setting up the property in stone kind of trust, as I think that would be easier to pass on after I pass on.

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Jdwagner17 1y ago

They are the same, the LLC and the trust (in some sense) the LLC would collect tax losses. Look, what I said is a horrible idea anyway. They can always change the rules anyway.