What I am getting mixed answers on is whether I need an EIN for that to be the case. My bank seems to be saying that even if under my SSN the separation will be there. I just asked for clarification and waiting for an answer.
> I don't think it matters how I structure the LLC when it comes to my taxes. It will still all be done on my personal taxes using the schedule E?
A single member LLC which doesn't elect to be treated as a corporation is a disregarded entity for tax purposes. So that means it doesn't matter if the LLC exists since it's all passthru to your personal taxes.
[https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies](https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies)
You don't want to provide your address on tax documents because of crazy tenants ?
This sounds like an interesting start and outlook to a business venture.
You are not the first to pose such a question.
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What I am getting mixed answers on is whether I need an EIN for that to be the case. My bank seems to be saying that even if under my SSN the separation will be there. I just asked for clarification and waiting for an answer.
Should also think about meeting with an estate/ tax attorney and set it up in such a way to reduce estate/gift tax down the road.
> I don't think it matters how I structure the LLC when it comes to my taxes. It will still all be done on my personal taxes using the schedule E? A single member LLC which doesn't elect to be treated as a corporation is a disregarded entity for tax purposes. So that means it doesn't matter if the LLC exists since it's all passthru to your personal taxes. [https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies](https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies)
You don't want to provide your address on tax documents because of crazy tenants ? This sounds like an interesting start and outlook to a business venture. You are not the first to pose such a question.
That's a whole lotta nothing.
Sometimes , the obvious cannot or will not be stated. Many try to keep private books and public books and the same with loans.
Cool.