Good evening. First, you don't want to own real estate income in a C Corporation because when you go to get the money out of the corporation, you get taxed on it a second time. Thus, you would want to put your property into either an S corporation or an LLC. This would give you limited liability, but the tax aspects simply flow through. The result is that you get the same income and deductions as if you owned it individually...so no different ... better or worse....tax effects, but limited liability.
I hope this has given you the guidance you were seeking. I wish you the best of luck!
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The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.
Thanks for your reply, my major concern is, since rental income for comapny
(LLC) can claim business expense for more tax deduction, if for personal income,
it would not have such option and have a higher taxable amount.