[Raycpa]

One of the "nice" things about being a landlord and having an LLC, of which you and your spouse are the only officers, is that you can make a moderate "income" and pay Social Security, Medicare, Medicaid, etc. up to a certain maximum, and then take all the rental revenue but not claim it as income and not pay those things.

Bingo. Plus the saving they have on insurance lets him have the cash to buy equipment that can be written off when purchased. These give him the ability to qualify for subsidized insurance and possibly be eligible for scholarships.

[N. Theknow]

Bingo. Plus the saving they have on insurance lets him have the cash to buy equipment that can be written off when purchased. These give him the ability to qualify for subsidized insurance and possibly be eligible for scholarships.

And if that equipment happened to weigh, oh say, 6000 pounds or more, in years past he got a tax write-off on his SUV, Minivan, whatever.

Say, Raycpa - do you suppose the kids are also employees/officers of the LLC and receive a stipend for their efforts which just comes in under the IRS limit?

Or would they best be covered in an A-B Trust, which would be Frost-ing on the cake?