LLC for rental property

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills.
Locked
SummerCouple1313
Posts: 1
Joined: Mon Sep 30, 2024 4:17 pm

LLC for rental property

Post by SummerCouple1313 »

- Can we have a person (18+ yr old) as an owner and registered agent for an LLC?
- If yes, can we attach a rental property owned by the person's parent to this LLC?
- If yes, can we route rental income from this parent's property to this LLC?
- If yes, will this be considered income for the child?
- If yes, can this be filed under the child's income tax returns?

Thank you
--k
User avatar
LadyGeek
Site Admin
Posts: 99142
Joined: Sat Dec 20, 2008 4:34 pm
Location: Philadelphia
Contact:

Re: LLC for rental property

Post by LadyGeek »

This thread has run its course and is locked (legal issue). See: Acceptable Topics and Subforum Guidelines
This is an investing and personal finance forum. We also maintain a subforum that allow our members to discuss consumer goods and services and recreational activities. Anything else is considered "Off Topic" and is not acceptable on this forum.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.
Locked