Sooo, is everyone going to set up a LLC then? Oh, I can then go back to Geico then on the umbrella policy that is much cheaper…
Just tell sfdragonboy what to do so I can do the same 
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Better talk to your accountant
You and I will meet up one day…
Setting up a LLC is easy. But how do you transfer the mortgaged properties into the LLC?
Maybe only transfer the paid off property to LLC and keep the mortgaged net-loss properties on individual schedule E?
There are tons of questions. We need to invite a tax expert to give a talk here. We can use the tax talk as a meetup then
Or is there any other public meetups for landlord tax strategy for the new tax law? We can meet there without knowing you’re from this forum
Oh, better remind myself to not wear my SFDRAGONBOY t-shirt…
The 20% pass through deduction would be phased out for high income people. So Trump won’t benefit from this, right? This is only for small landlord, not for the biggies. Am I wrong?
Once your rental income is too much, you’ll lose the 20% deduction. I guess you will incorporate to a C Corp then.
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Manch Wuqijun and I benefit the rest of you are SOL…
Every landlord can get the 20% deduction, if needeed, simply form a LLC.
I doubt any of you make much taxable profit with your highly leveraged hobbies…the tax savings will be small unless you are a fulltime landlord
Like anything else, we all should run the numbers and make the best choice for each of us. Some folks may not like the hassle of doing an LLC, etc, especially if the additional savings (net, after considering the money spent on forming the LLC and time) is negligible. I guess Turbo Tax 2018 Year actually will be a humdinger since we should be able to play out all of the scenarios…
Sole proprietorship qualifies for pass through …no need for an LLc
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That is why I wasn’t too worried early on when the House or Senate versions first came out. I knew (hoped) that the lobbyists would do their thang and water a lot of it down. They did what they could. Now, we wait for the final versions and for the experts to guide us on what is the best approach.
For apartments and commercial buildings, you better have one LLC per property for asset protection. I went to a seminar a few years ago, that was the advice.
If you operate as a sole proprietor, even one tenant lawsuit can jeopardize all your properties.
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Don’t worry about taxes!
You will grab that postcard and do your taxes in 5 minutes. No need for TurboTax or H&R. 
Easy peachy! 
S corporations are pass through.
Irrevocable trusts are revocable.
Living trusts are dangerous if you don’t know the thing you shouldn’t include.
Same as how you treat your investments, never put your properties in the same “whatever trust-LLC-Corporation”, they are food for thought for anybody suing you. You need to spend money to protect the money you earned.
He has much more to do…for this country…Why hate him after his first achievement !
Because he mocked the likes of you? Maybe?
It’s reasonable to expect more positive emotions towards Trump after this tax reform. People are actually pretty happy about the tax reform, contrary to the media’s claims.
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Living in California you don’t see many Trump supporters.
Although in Tahoe there are quite a few even though many will see a tax increase…
I would prefer Pence…So if Trump gets impeached I am not worried at all…
With Pence, you would not get this tax reform. I think this tax reform should be credited to Trump. Can’t imagine how pence can get it done so fast.
Bottom line is that the people love the tax reform. Media might hate it, but people love it. I’m really worried for the media, it keeps saying things contrary to people’s experience, how many people will be left to believe them? People are not that stupid, you know.