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Buying real estate, create LLC? Bloody taxes.....
My wife and I will be buying some rental property this, year. Our primary goal is reducing our taxes.
It has been suggested to me that I form a separate LLC for each piece of property. The idea is to shelter both our family, as well as the other properties from liability in the case of a law suit.
I'm all for this, but will this have any effect on our ability to reduce our tax liability?
In addition, I am open to nearly ANY suggestion that will not land me if jail for reducing taxes.
Anyone invest in oil exploration?
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