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Hi, my name is Mark. I will be happy to help you with your questions. The most common structure for real estate is LLC. I would suggest forming an LLC for each of the buildings. The reason for this is liability protection.
LLC's would give you both Liability protection and flexibility. I am assuming that you have another operating business. The operating business should be paying rent to the building it is leasing. The LLC that owns the building would be able to deduct depreciation, property taxes, and other operating expenses.
I do not see a problem with the LLC being owned by the trust. As long as the trust meets the Material participation rules the loss would pass through.