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Author Topic: Asset protection set up  (Read 4135 times)

Offline hanky123

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Asset protection set up
« on: November 11, 2017, 12:21:43 pm »
Hello, I have 4 SFRs wanting to set up Land Trust-LLC with holding LLC does anyone know how to get started my concerns are in the details also minimizing tax preparation fees
I live in CA my props are in Missouri Thank you

Offline mcwagner

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Re: Asset protection set up
« Reply #1 on: December 26, 2017, 11:38:24 am »
I don't have any clients that use the trust route, but I imagine that the process differs by state.

As to the tax prep fees, whether you run the rentals on Sch E or put them on individual returns, the amount of work doesn't differ much.  For my clients there would not be a significant fee impact.
Mark Wagner, CPA, LLC
Certified Public Accountant
http://www.facebook.com/MarkCWagnerCPA

 




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