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Am I Better To Put Rental Real Estate In A Sub-S Corporation, An Limited Liability Corporation Or A Partnership?

Real Estate
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Jim Marshall, EA
This is a complicated question but I will try to make it as simple as possible. Generally, the best option is the LLC since the members get basis for loans on the property and provides a better legal protection than does the partnership structure. The sub-S doers not get owners basis from debt. In all cases, losses are only deductible to the extent of basis in the entity.
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