Tax breaks for LLC-owned second home

Under general tax rules for a single-member limited liability company, a home owned by the entity could qualify for the home-sale tax exclusion, says CPA George Saenz.

More: continued here

We suggest you to read about:

• Gifting home to get capital gains treatment
• Capital gains exclusion on new home
• Cost of shares in demutualized company
• Home sale rules for the divorced
• Deterime tax deduction for gifts