[quote=ltsdd]Just made payments on the second installment.
Does anyone here know if by moving rental properties into separate LLCs could be a legal way to avoid the $10K prop tax deduction limit?[/quote]
Why? For rental properties, taxes and mortgages are fully deductible to offset income. Think of it as cost of doing business. Same thing as HOA fees, maintenance fees, cost of gardener if your lease includes one, etc.
