Placing properties into a Land Trust

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  • Ernest Travieso
    October 22, 2017 at 7:55 pm
    Ernest Travieso

    Hi Jackie, need to know the pro’s and con’s of placing rental propeties into a land trust and how to do this correctly and in addition does the land trust file its own tax form or is any gain or loss and depreciation shown on my 1040?

    DON WEDE
    October 23, 2017 at 10:03 am
    DON WEDE

    All properties should be in a land trust unless a real quick flip in a Corp. Or LLC.
    The trust does not need to file a return. The beneficiary does.

    Ernest Travieso
    October 23, 2017 at 7:47 pm
    Ernest Travieso

    Thanks Don for that information.

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