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Should I convert my rental unit into an LLC for tax purposes?

In the US LLC is a disregarded entity for tax purposes and is effectively ignored. In California LLC provides liability protection and limitations. In return you're liable for an LLC tax which is at ...
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Calculating non-exempt interest for California income tax

If the fund invests more than half of its assets in bonds from outside California, then all the fund interest is taxable, including that from CA bonds. See the instructions for the CA FTB form 540 ...
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