Impact of Tax Reform on Rental Income

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LLC not needed to qualify for 20% pass through deduction

This is a very good explanation about tax law changes for landlord. Every landlord can qualify for 20% pass through deduction. No need to form LLC. Schedule E is totally fine. If your total income is above the threshold, you can still deduct 20% of net rental income up to 2.5% of the depreciable value for the building. https://www.nolo.com/legal-encyclopedia/how-the-republican-tax-plan-affects-landlords.html