LLC Owned Jointly With Spouse - Do You Need to File a Partnership Return? [Tax Smart Daily 008]

Item: Hall CPA PLLC
Rating: 5
Author: Mike Dymski - Business Owner

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After forming an LLC with your spouse to buy real estate, you must file a partnership tax return. Learn why in this video from The Tax Smart Real Estate Investors YouTube channel.

Listen in to learn:

Who are exempted from filing a partnership tax return
Why you should avoid the 1065 filing requirements
How to skirt filing penalties if you did not file a partnership tax return and you own a joint LLC with your spouse

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★★★★★

Hall CPA PLLC, real estate CPAs and advisors, helped me save $37,818 on taxes by recommending and assisting with a cost segregation study. With strategic multifamily rehab and the $2,500 de minimus safe harbor plus cost segregation, taxes on my real estate have been non-existent for a few years (and that includes offsetting large capital gains from the sale of property).

Mike Dymski - Business Owner

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