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> You get taxed on it according to your highest rate bracket. Why would you personally own the property as opposed to putting it under an LLC or Corp? You woul
by testesttest 6y ago
> You get taxed on it according to your highest rate bracket.
Why would you personally own the property as opposed to putting it under an LLC or Corp? You would still have to pay taxes on personal income but it offers a lot more options on how to recieve the income and handle expenses.
- o-__-o 6y agoAnd you open up your personal assets to liabilities from the property. Not saying it’s not possible, the additional insurance costs usually even out that difference