{"id":13645,"date":"2024-08-03T20:29:47","date_gmt":"2024-08-04T02:29:47","guid":{"rendered":"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/"},"modified":"2026-01-27T08:22:43","modified_gmt":"2026-01-27T08:22:43","slug":"your-spouse-as-a-business-partner-happy-happy-joy-joy","status":"publish","type":"epkb_post_type_3","link":"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/","title":{"rendered":"Your Spouse As A Business Partner (Happy Happy Joy Joy)"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 ez-toc-wrap-right counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table Of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/#Two_Options\" >Two Options<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/#Community_Property_State\" >Community Property State<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/#Common_Law_Property_State\" >Common Law Property State<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/#Disadvantaged_Business\" >Disadvantaged Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/#Charging_Orders\" >Charging Orders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/#Audit_Rates\" >Audit Rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/#Ownership_Transfer_with_Married_Couple_Teams\" >Ownership Transfer with Married Couple Teams<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/#I_Just_Got_A_Rental_What_Do_I_Do_2026_Edition\" >I Just Got A Rental, What Do I Do? 2026 Edition<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/#Rental_Expert_Pod_the_REP\" >Rental Expert Pod (the REP)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/#Talk_to_a_Real_Estate_CPA_About_Your_Rental_Property\" >Talk to a Real Estate CPA About Your Rental Property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/#Schedule_Discovery_Meeting_Now\" >Schedule Discovery Meeting Now<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text css=&#8221;&#8221; woodmart_inline=&#8221;no&#8221; text_larger=&#8221;no&#8221;]<img decoding=\"async\" class=\"size-full wp-image-31147 alignright\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/015113_644427059_adding_spouse_300.jpg\" alt=\"\" width=\"300\" height=\"200\" \/>By <strong>Jason Watson, CPA<\/strong><br \/>\nPosted Saturday, August 3, 2024<\/p>\n<p>Should you immediately form an LLC with your spouse? No. Don\u2019t you see enough of each other at the house? All kidding aside, there are two primary reasons for adding your spouse to the entity as an owner are-<\/p>\n<ul>\n<li>Leverage the minority owned small business benefits (usually with government contracts). This is getting less and less lucrative, and doesn\u2019t apply to rental properties. There might be some other real estate investment opportunities.<\/li>\n<\/ul>\n<ul>\n<li>Asset protection through Charging Orders and the associated rules with multi-member LLCs (attorney stuff).<\/li>\n<\/ul>\n<ul>\n<li>Your spouse suggests it one lovely evening over dinner, and upon reflection of considerable collateral damage, you surrender. A solely owned entity such as an LLC or corporation is still a marital asset in most jurisdictions and as such will be part of any divorce action regardless (might not be the same in estate planning however since Operating Agreements might dictate).<\/li>\n<\/ul>\n<p>We tricked you there into thinking there were only two primary reasons. Gotta have some fun with this material, right?!<\/p>\n<p>Back to the question of adding your spouse to the entity as an owner; please note how tax savings or other big \u201cwow\u201d things are not listed. In other words, adding your spouse as an owner only has two super narrow bands of benefits.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Two_Options\"><\/span>Two Options<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you and your partner are married, and want to become the next power couple, you have two basic options-<\/p>\n<ul>\n<li>Report your rental property activities on your individual tax returns as if no entity exists, or<\/li>\n<\/ul>\n<ul>\n<li>Form an entity, treat the entity as a partnership and file accordingly on Form 8825 (like a Schedule E rental property form) within Form 1065 (the actual tax return).<\/li>\n<\/ul>\n<p>How you arrive at these two options will vary depending on your state\u2019s property laws. There are two types of states beyond red and blue; community property and common law property. Here is some gee whiz information. Community property laws stem from Spanish law whereas common law property states originate from the English law system. Therefore, it makes sense that most of the community property states are in the southwest portion of the United States plus the odd ducks up there in Wisconsin, Washington and Idaho.<\/p>\n<p>Community property states dictate that the income is added into a \u201ccommunity\u201d pot, and then divided equally between the joint taxpayers. Federal laws will usually follow the state laws in terms of income joining and splitting, with some exceptions here and there. On a jointly filed tax return this is moot, but if you need to file a separate tax return this gets complicated (separate tax returns are occasionally needed for second marriages or prenuptial agreements). But regardless of the taxation issues, there are also some procedural issues with business ownership.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Community_Property_State\"><\/span>Community Property State<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Two people, married, in a community property state are not a partnership unless they elect to be treated as such. Electing to be treated as a partnership will complicate things from a tax preparation perspective, does not provide any added tax benefit, and forces you into one of two situations, which are both ultimately equal. You could prepare a partnership tax return and create separate K-1s for you and your spouse at 50% each, or prepare a partnership tax return and create a joint K-1.<\/p>\n<p style=\"padding-left: 40px;\"><span style=\"color: #a08750;\"><strong>Sidebar:<\/strong><\/span> We just said, \u201cno added tax benefit.\u201d This is technically true in the purest sense. However, reporting your rental property and real estate investment activities within a partnership tax return provides two big benefits (audit risk and tax basis tracking) that we discussed earlier <a href=\"https:\/\/wcginc.com\/kb-rental-property\/rental-property-in-partnership-entities\/\">Rental Properties in Partnerships<\/a>.<\/p>\n<p>Please recall that a K-1 is the byproduct of a pass-through entity (PTE) tax return which summarizes various business and rental activities that are later presented on the owners\u2019 individual tax returns (Form 1040). Additionally, Box 1 on a K-1 is for ordinary business income, Box 2 is for net rental real estate income and Box 3 is for other net rental income.<\/p>\n<p>What the heck is a joint K-1? Rare, Yes, but the K-1 would be issued to the primary taxpayer\u2019s SSN but read \u201cBob and Sue Smith, JTWROS\u201d. When your individual tax returns are prepared, this joint K-1 gets spread among both you and your spouse equally, and therefore the income might be taxed with additional, unnecessary Social Security taxes.<\/p>\n<p>Don\u2019t like that idea?<\/p>\n<p>A husband and wife owning an LLC in a community property state can be considered one owner, or in the case of an LLC, one member and therefore becomes a disregarded entity as opposed to a partnership. The rental property and real estate investment activities are then reported on Schedule C or E of your Form 1040. However, if you properly prepare your individual tax returns, you will split the business activities equally between you and your spouse.<\/p>\n<p style=\"padding-left: 40px;\"><strong><span style=\"color: #a08750;\">Sidebar:<\/span><\/strong> An individual tax return is a bit of a misnomer. It is synonymous with Form 1040, and may be filed as one person or two married people (married filing jointly). In both situations, the tax return is called an individual tax return. Many of us think of the word individual as numerical such as one or single. But in the case of tax returns, individual is better known as person or human. Furthermore, a married couple is considered one in so many walks of legal life, hence the singular use of individual in referencing a tax return.<\/p>\n<p>Let\u2019s run through these three tax return scenarios once more when a married couple own a business together in a community property state-<\/p>\n<ul>\n<li>Elect partnership with separate K-1s at 50% each, or<\/li>\n<\/ul>\n<ul>\n<li>Elect partnership with joint K-1, or<\/li>\n<\/ul>\n<ul>\n<li>Remain a disregarded entity (single member LLC) and evenly split activities on two Schedule Cs or Es (you and your spouse), and report them collectively on your individual tax returns (Form 1040).<\/li>\n<\/ul>\n<p>All three of these scenarios are identical from an income tax perspective.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Common_Law_Property_State\"><\/span>Common Law Property State<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Similar to community property states, a husband and wife (or same-sex couples) living in a common law property state have two options- file a partnership tax return or elect to be a qualified joint venture.<\/p>\n<p>Two major differences to note here right away; in common law property states, the presumption is that you and your spouse are a partnership. In community property states, the opposite is true. The presumption is that your business entity is essentially a qualified joint venture.<\/p>\n<p>The other major difference is that in a common law property state, you can chop up the business activities based on a pro-rated basis of involvement \/ interest in the business. This might not be relevant for most real estate investors, but, and as an example, your husband supports your consulting business by handling the books; perhaps his involvement is only 15%. This is converse to community property states which generally divide things equally (whoever thought a marriage was a 50-50 relationship was fooled long ago, but here we are).<\/p>\n<p>Some other details allowing married business partners to be a qualified joint venture include the following-<\/p>\n<ul>\n<li>You and your spouse are the only members (owners) of the joint venture, and<\/li>\n<\/ul>\n<ul>\n<li>You file a joint tax return (Form 1040), and<\/li>\n<\/ul>\n<ul>\n<li>You both materially participate in the business operations (which has legal IRS definitions attached to it such as number of hours and activities), and<\/li>\n<\/ul>\n<ul>\n<li>You are not operating the business (or rental property venture) as a limited liability company (what?!).<\/li>\n<\/ul>\n<p>The last one is the deal breaker for most people. According to IRS rules, if you and your spouse operate a multi-member LLC, whereby each of you are members of the LLC, then you must file as a partnership using Form 1065 in common law property states. Most people are confused on this including attorneys and other CPAs. Don\u2019t believe us? No worries, refer to these wonderful IRS resources-<\/p>\n<p><a href=\"https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/single-member-limited-liability-companies\" target=\"_blank\" rel=\"noopener\">wcginc.com\/5401<\/a><\/p>\n<p>There is a flimsy reason why a qualified joint venture for a husband-and-wife team might make sense over a partnership. A disregarded entity (single-member LLC) or a husband-and-wife team that elect to be a joint venture can theoretically have unlimited losses reported on Schedule C of your joint Form 1040 (assuming the money invested is at-risk).<\/p>\n<p>This contrasts with a partnership where your losses cannot reduce a partner\u2019s basis below zero. In other words, if you invest $5,000 in a partnership you can only lose $5,000. Without going into crazy detail, this is different than a partner\u2019s capital account (for example, you inject property into the partnership that is worth $10,000 but you only paid $2,000 for it, your capital account will show $10,000 but your basis in only $2,000). Sorry for the diversion.<\/p>\n<p>Having said all this, WCG still prefers to file partnership tax returns even for married couples in community property states since it allows us to track your capital accounts and other basis information. As mentioned elsewhere, this is a valuable presentation when deducting large rental property losses because of accelerated depreciation. Also, if you sell the business or get divorced or bring on a new partner, then this history is readily available. Otherwise, you must rebuild this information.<\/p>\n<p>Additionally, the audit rate risk is much lower for partnership tax returns than individual tax returns. This does not mean you can be cavalier with your tax positions, but it certainly provides comfort in having a lower risk in defending them. We expand on this in a bit.<\/p>\n<p>If a narrow reason exists, the qualified joint venture election can be made on Form 8832. Here is a quick summary table for married couple teams-<\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 20%; text-align: left;\"><strong>Entity<\/strong><\/td>\n<td style=\"width: 40%; text-align: left;\"><strong>Common Law Property<\/strong><\/td>\n<td style=\"width: 40%; text-align: left;\"><strong>Community Property<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 20%; vertical-align: top; text-align: left;\">Sole Proprietor<\/td>\n<td style=\"width: 40%; vertical-align: top; text-align: left;\">May be qualified joint venture (Schedule C for each, Form 1040).<\/td>\n<td style=\"width: 40%; vertical-align: top; text-align: left;\">May elect to be partnership (Form 1065).<\/p>\n<p>May elect to be disregarded entity (Schedule C, Form 1040)<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 20%; vertical-align: top; text-align: left;\">Limited Liability Company<\/td>\n<td style=\"width: 40%; vertical-align: top; text-align: left;\">Must be a partnership (Form 1065).<\/p>\n<p>May be taxed as an S corporation (Form 1120S).<\/td>\n<td style=\"width: 40%; vertical-align: top; text-align: left;\">May elect to be partnership (Form 1065).<\/p>\n<p>May elect to be disregarded entity (Schedule C, Form 1040).<\/p>\n<p>May be taxed as an S corporation (Form 1120S).<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>You might be saying to yourself, Yeah, but there must be some good reasons to add my spouse to the ownership. Here are some considerations.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Disadvantaged_Business\"><\/span>Disadvantaged Business<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Women are a protected class, and therefore might receive favorable government contracts or grants as small business owners. Same sex couples might see increased favorable treatment as well. Don\u2019t forget about Veterans and other groups of people whose status might be leveraged.<\/p>\n<p>There are several acronyms out there-<\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"text-align: left; width: 15%;\">DBE<\/td>\n<td style=\"width: 75%; text-align: left;\">Disadvantaged Business Enterprise (<a href=\"https:\/\/dot.ca.gov\/programs\/civil-rights\/dbe-certification-information\" target=\"_blank\" rel=\"noopener\">California uses this often<\/a>)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left; width: 15%;\">MBE<\/td>\n<td style=\"width: 75%; text-align: left;\">Minority-Owned Business Enterprise<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left; width: 15%;\">WBE<\/td>\n<td style=\"width: 75%; text-align: left;\">Women-Owned Business Enterprise<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left; width: 15%;\">DVBE<\/td>\n<td style=\"width: 75%; text-align: left;\">Disabled Veterans Business Enterprise<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left; width: 15%;\">WGBE<\/td>\n<td style=\"width: 75%; text-align: left;\">White Guy Business Enterprise<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Yeah, okay, the last one was a joke. You should always explore these opportunities especially if you are engaging with governments. There are also businesses who will certify your entity as one of the above since there has been a lot of fraud lately. Shocking. Say it isn\u2019t so!<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Charging_Orders\"><\/span>Charging Orders<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When you have a multi-member limited liability company, and there is a judgement against a member of the LLC, the creditor must obtain what is called a charging order from a court. Theoretically this forces the creditor to only receive distributions from the LLC rather than the LLC\u2019s assets. Adding a spouse creates a multi-member LLC situation, but there are some caveats. A later chapter has more information on the concept of charging orders (<span style=\"color: #a08750;\"><strong>spoiler alert:<\/strong><\/span> it is flimsy legal defense for owners who are married to each other).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Audit_Rates\"><\/span>Audit Rates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to IRS data for the 2019 tax year (the most recent data set), 9.3 million partnership and S corporation tax returns combined (Forms 1065 and 1120S) were filed. Of those, 17,543 were audited for an audit rate of less than 0.2%. This further breaks down to 15,852 as a field audit (face to face at your place of business) and 1,691 as a correspondence audit (letters). The IRS is slow to compile and release this data, but we doubt the trend has shifted.<\/p>\n<p>Of those audited by a field audit, 35% resulted in a no-change audit whereas correspondence audits resulted in a no-change audit 52% of the time. This is a blended rate, and digging deeper into the data reveals that partnerships generally result in a no-change audit about half of the time, whereas the same result for an S corporation happens about 33% of the time.<\/p>\n<p>Audit rates for individual tax returns (Form 1040) for the 2019 tax year for adjusted gross income between $50,000 and $200,000 was 0.1%, whereas $200,000 through $1,000,000 was 0.4%. These rates increase to 0.6% and 1.0% respectively with Schedule C and Schedule E. Therefore, if you are in this second band of income range, a partnership or S corporation tax return will have half the IRS scrutiny as your individual tax return. To say half is a bit misleading, right? In practical terms, your audit rate risk goes from microscopic to tiny\u2026 both scenarios are favorable, but you get the general idea.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ownership_Transfer_with_Married_Couple_Teams\"><\/span>Ownership Transfer with Married Couple Teams<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you are concerned about ownership transfer in case of death, we suggest taking care of this issue within your estate planning. Transfer of assets between spouses during death is generally seamless in most states. Contact an estate planning attorney for more comprehensive analysis and advice.<\/p>\n<p>If you are concerned about separation of property during divorce, our experience and observation show that a single owner will still be required to obtain a business valuation from an expert and the business becomes a marital asset. This becomes tricky in a rental property situation since you have income-producing assets but the assets themselves also have value. Generally, you cannot use both the asset approach and the income approach, and commonly the asset approach is the highest and best representation of the value. Having said that, in some commercial settings or severely depressed property values, the income approach is more representative of the value.<\/p>\n<p>Business valuations for divorces sounds like fun, doesn\u2019t it? A real hoot. <span style=\"color: #5d3fd3;\"><strong>WCG CPAs &amp; Advisors<\/strong><\/span> is heavily involved in forensic accounting and business valuations, so if you need help let us know. Remember, the goal of any divorce is to ensure both parties are equally upset. No one should be high-fiving as they leave the courtroom.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=&#8221;25px&#8221;][vc_column_text css=&#8221;&#8221;]<style data-type=\"vc_shortcodes-custom-css\">#wd-69d2f9fcf009f .info-box-title{line-height:40px;font-size:30px;color:#473d3c;}#wd-69d2f9fcf009f .info-box-inner{line-height:26px;font-size:16px;color:#473d3c;}#wd-69d3e2e584de8 .info-box-title{line-height:40px;font-size:30px;color:#473d3c;}#wd-69d3e2e584de8 .info-box-inner{line-height:26px;font-size:16px;color:#473d3c;}#wd-68e97e561482c .info-box-title{line-height:40px;font-size:30px;color:#473d3c;}#wd-68e97e561482c .info-box-inner{line-height:26px;font-size:16px;color:#473d3c;}#wd-68460abfbd4d1 .info-box-title{line-height:60px;font-size:50px;color:#473d3c;}#wd-68460abfbd4d1 .info-box-inner{line-height:26px;font-size:16px;color:#473d3c;}#wd-6880833b7bd6b .info-box-title{line-height:26px;font-size:16px;color:#473d3c;}#wd-6880833b7bd6b .info-box-inner{line-height:22px;font-size:12px;color:#473d3c;}#wd-6880834fd8436 .info-box-title{line-height:26px;font-size:16px;color:#473d3c;}#wd-6880834fd8436 .info-box-inner{line-height:22px;font-size:12px;color:#473d3c;}#wd-6880835d3a0fb .info-box-title{line-height:26px;font-size:16px;color:#473d3c;}#wd-6880835d3a0fb .info-box-inner{line-height:22px;font-size:12px;color:#473d3c;}#wd-68bcf7fc8516a .info-box-title{line-height:40px;font-size:30px;color:#473d3c;}#wd-68bcf7fc8516a .info-box-inner{line-height:26px;font-size:16px;color:#473d3c;}#wd-68bcfc71da664 .info-box-title{line-height:46px;font-size:36px;color:#473d3c;}#wd-68bcfc71da664 .info-box-inner{line-height:26px;font-size:16px;color:#473d3c;}@media (max-width: 1199px) {#wd-69d2f9fcf009f .info-box-title{line-height:34px;font-size:24px;}#wd-69d2f9fcf009f .info-box-inner{line-height:24px;font-size:14px;}#wd-69d3e2e584de8 .info-box-title{line-height:34px;font-size:24px;}#wd-69d3e2e584de8 .info-box-inner{line-height:24px;font-size:14px;}#wd-68e97e561482c .info-box-title{line-height:34px;font-size:24px;}#wd-68e97e561482c .info-box-inner{line-height:24px;font-size:14px;}#wd-68460abfbd4d1 .info-box-title{line-height:50px;font-size:40px;}#wd-6880833b7bd6b .info-box-title{line-height:25px;font-size:15px;}#wd-6880834fd8436 .info-box-title{line-height:25px;font-size:15px;}#wd-6880835d3a0fb .info-box-title{line-height:25px;font-size:15px;}#wd-68bcf7fc8516a .info-box-title{line-height:34px;font-size:24px;}#wd-68bcf7fc8516a .info-box-inner{line-height:24px;font-size:14px;}#wd-68bcfc71da664 .info-box-title{line-height:36px;font-size:26px;}#wd-68bcfc71da664 .info-box-inner{line-height:24px;font-size:14px;}}@media (max-width: 767px) {#wd-69d2f9fcf009f .info-box-title{line-height:28px;font-size:18px;}#wd-69d2f9fcf009f .info-box-inner{line-height:24px;font-size:14px;}#wd-69d3e2e584de8 .info-box-title{line-height:28px;font-size:18px;}#wd-69d3e2e584de8 .info-box-inner{line-height:24px;font-size:14px;}#wd-68e97e561482c .info-box-title{line-height:28px;font-size:18px;}#wd-68e97e561482c .info-box-inner{line-height:24px;font-size:14px;}#wd-68460abfbd4d1 .info-box-title{line-height:40px;font-size:30px;}#wd-6880833b7bd6b .info-box-title{line-height:24px;font-size:14px;}#wd-6880834fd8436 .info-box-title{line-height:24px;font-size:14px;}#wd-6880835d3a0fb .info-box-title{line-height:24px;font-size:14px;}#wd-68bcf7fc8516a .info-box-title{line-height:28px;font-size:18px;}#wd-68bcf7fc8516a .info-box-inner{line-height:24px;font-size:14px;}#wd-68bcfc71da664 .info-box-title{line-height:28px;font-size:18px;}#wd-68bcfc71da664 .info-box-inner{line-height:24px;font-size:14px;}}<\/style><div class=\"wpb-content-wrapper\">[vc_row][vc_column]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-69d2f9fcf009f\" class=\" wd-rs-69d2f9fcf009f wd-info-box wd-wpb text-center box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title kb \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p style=\"text-align: center;\"><em>Jason Watson, CPA, is a partner and the CEO of <strong>WCG CPAs &amp; Advisors,<\/strong> a boutique yet progressive tax, accounting and <\/em><em>rental property consultation and real estate CPA firm with over 90 team members and 7 partners headquartered in Colorado serving real estate investors worldwide.<\/em><\/p>\n<div style=\"display: flex; justify-content: center;\"><a href=\"https:\/\/www.linkedin.com\/in\/jason-watson-cpa\/\"><img decoding=\"async\" class=\"alignnone wp-image-17327 entered lazyloaded\" style=\"height: 35px!important; width: auto!important;\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/linkedin-150x150-1.png.webp\" alt=\"Jason Watson CPA LinkedIn\" \/><\/a>\u00a0\u00a0\u00a0\u00a0\u00a0<a href=\"mailto:jason@wcginc.com\"><img decoding=\"async\" class=\"alignnone size-thumbnail wp-image-17334 entered lazyloaded\" style=\"height: 35px!important; width: auto!important;\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/mail-150x150-1.png.webp\" alt=\"Jason Watson CPA Email\" \/><\/a><\/div>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column][\/vc_row][vc_row][vc_column]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-69d3e2e584de8\" class=\" wd-rs-69d3e2e584de8 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title img-right kb \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h2 class=\"info-box-title title wd-font-weight-800 box-title-style-default font-primary wd-fontsize-m\"><span class=\"ez-toc-section\" id=\"I_Just_Got_A_Rental_What_Do_I_Do_2026_Edition\"><\/span>I Just Got A Rental, What Do I Do? 2026 Edition<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p><img decoding=\"async\" class=\"alignright wp-image-100749 size-full\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/Web-and-Social-GFX-2026_300.jpg\" alt=\"\" width=\"300\" height=\"360\" \/>This KB article is an excerpt from our 530+ page book (yeah, thick, there are some picture pages, but no scratch and sniff) which was <span style=\"color: #ff0000;\"><strong>updated April 5, 2026<\/strong><\/span>, and is available in paperback from <a href=\"https:\/\/wcginc.com\/amazon-rental\" target=\"_blank\" rel=\"noopener\">Amazon<\/a>, as an eBook for\u00a0<a href=\"https:\/\/wcginc.com\/kindle-rental\" target=\"_blank\" rel=\"noopener\">Kindle<\/a>\u00a0and as a\u00a0<a href=\"https:\/\/wcginc.com\/pdf-rental\" target=\"_blank\" rel=\"noopener\">PDF<\/a>\u00a0from ClickBank. We used to publish with iTunes and Nook, but keeping up with two different formats was brutal. You can cruise through these KB articles online, click on the fancy buttons below or\u00a0<a href=\"\/business-services\/book\/\" target=\"_blank\" rel=\"noopener\">visit our webpage<\/a>\u00a0which provides more information.<\/p>\n<table class=\"purchase-table\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><a href=\"\/amazon-rental\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignnone size-full wp-image-6657 aligncenter\" style=\"float: none;\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/amazon-imageresized.png.webp\" alt=\"I Just Got A Rental, What Do I Do? 2025 Edition | Amazon version\" width=\"50\" height=\"50\" \/><\/a><\/td>\n<td style=\"text-align: center;\"><a href=\"\/kindle-rental\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignnone size-full wp-image-6658\" style=\"float: none;\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/kindle-imageresized.png.webp\" alt=\"I Just Got A Rental, What Do I Do? 2025 Edition | Kindle Version\" width=\"50\" height=\"50\" \/><\/a><\/td>\n<td style=\"text-align: center;\"><a href=\"\/pdf-rental\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignnone size-full wp-image-6659 aligncenter\" style=\"float: none;\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/PDFresized.png.webp\" alt=\"I Just Got A Rental, What Do I Do? 2025 Edition | PDF version\" width=\"50\" height=\"50\" \/><\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><strong>$32.95<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>$21.95<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>$18.95<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column][\/vc_row][vc_row][vc_column]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-68e97e561482c\" class=\" wd-rs-68e97e561482c wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title img-right kb \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h2 class=\"info-box-title title wd-font-weight-800 box-title-style-default font-primary wd-fontsize-m\"><span class=\"ez-toc-section\" id=\"Rental_Expert_Pod_the_REP\"><\/span>Rental Expert Pod (the REP)<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p>WCG's tax team structure is built around Pods \u2014 small, agile groups of tax professionals (4-6 total) who embrace team camaraderie while achieving client intimacy. Each Pod is led by a seasoned tax manager or partner, and together they make up the core of our tax return preparation.<\/p>\n<p>For the 2026 tax season, we\u2019re thrilled to introduce the <a href=\"https:\/\/wcginc.com\/blog\/rental-expert-pod\/\" target=\"_blank\" rel=\"noopener\">Rental Expert Pod<\/a> or REP for short. This is WCG\u2019s dedicated team of real estate CPAs and rental property tax specialists focused on optimizing your tax position, ensuring compliance, and helping you build long-term wealth through smart real estate strategies. [<a href=\"https:\/\/wcginc.com\/blog\/rental-expert-pod\/\" target=\"_blank\" rel=\"noopener\">Learn More<\/a>]<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column][\/vc_row][vc_row equal_height=\"yes\" content_placement=\"top\" el_id=\"consultation-secc\" woodmart_css_id=\"6756f7d427735\" responsive_spacing=\"eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NzU2ZjdkNDI3NzM1Iiwic2hvcnRjb2RlIjoidmNfcm93IiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=\" mobile_bg_img_hidden=\"no\" tablet_bg_img_hidden=\"no\" woodmart_parallax=\"0\" woodmart_gradient_switch=\"no\" woodmart_box_shadow=\"no\" wd_z_index=\"no\" woodmart_disable_overflow=\"0\" row_reverse_mobile=\"0\" row_reverse_tablet=\"0\" el_class=\"kb-consult\"][vc_column]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-68460c6336e7f\" class=\" wd-rs-68460c6336e7f wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title kb-fix \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h2 class=\"info-box-title title box-title-style-default wd-fontsize-m\"><span class=\"ez-toc-section\" id=\"Talk_to_a_Real_Estate_CPA_About_Your_Rental_Property\"><\/span>Talk to a Real Estate CPA About Your Rental Property<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p>Please use the form below to tell us a little about yourself, and what you have going on with your investments and wealth-building objectives. <strong>WCG CPAs &amp; Advisors<\/strong> are real estate CPAs, tax strategists and rental property consultants, and we look forward to talking to you!<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[vc_row_inner el_id=\"consultation-inner\" woodmart_css_id=\"66fd6caf92fc0\" responsive_spacing=\"eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NmZkNmNhZjkyZmMwIiwic2hvcnRjb2RlIjoidmNfcm93X2lubmVyIiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=\" mobile_bg_img_hidden=\"no\" tablet_bg_img_hidden=\"no\" woodmart_parallax=\"0\" woodmart_gradient_switch=\"no\" woodmart_box_shadow=\"no\" wd_z_index=\"no\" woodmart_disable_overflow=\"0\" row_reverse_mobile=\"0\" row_reverse_tablet=\"0\"][vc_column_inner][vc_raw_js el_class=\"defaultBot\"]JTNDc2NyaXB0JTIwdHlwZSUzRCUyMnRleHQlMkZqYXZhc2NyaXB0JTIyJTIwc3JjJTNEJTIyaHR0cHMlM0ElMkYlMkZ3Y2dpbmMuam90Zm9ybS5jb20lMkZqc2Zvcm0lMkYyNTE2NjU1MjUzNjk5NzElMjIlM0UlM0MlMkZzY3JpcHQlM0UlMEE=[\/vc_raw_js][\/vc_column_inner][\/vc_row_inner]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-68460abfbd4d1\" class=\" wd-rs-68460abfbd4d1 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title defaultBot \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p>The tax advisors, business consultants and rental property experts at <strong>WCG CPAs &amp; Advisors<\/strong> are not salespeople; we are not putting lipstick on a pig expecting you to love it. Our job remains being professionally detached, giving you information and letting you decide within our ethical guidelines and your risk profiles.<\/p>\n<p>We see far too many crazy schemes and half-baked ideas from attorneys and wealth managers. In some cases, they are good ideas. In most cases, all the entities, layering and mixed ownership is only the illusion of precision. As Chris Rock says, just because you can drive your car with your feet doesn\u2019t make it a good idea. In other words, let\u2019s not automatically convert \u201cyou can\u201d into \u201cyou must.\u201d<\/p>\n<p><strong>Let\u2019s chat so you can be smart about it.<\/strong><\/p>\n<p>We typically schedule a 20-minute complimentary quick chat with one of our Partners or our amazing Senior Tax Professionals to determine if we are a good fit for each other, and how an engagement with our team looks. Tax returns only? Business advisory? Tax strategy and planning? Rental property support?<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[vc_row_inner equal_height=\"yes\" el_class=\"boxes--pack\" woodmart_css_id=\"673b5f334f247\" responsive_spacing=\"eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NzNiNWYzMzRmMjQ3Iiwic2hvcnRjb2RlIjoidmNfcm93X2lubmVyIiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=\" mobile_bg_img_hidden=\"no\" tablet_bg_img_hidden=\"no\" woodmart_parallax=\"0\" woodmart_gradient_switch=\"no\" woodmart_box_shadow=\"no\" wd_z_index=\"no\" woodmart_disable_overflow=\"0\" row_reverse_mobile=\"0\" row_reverse_tablet=\"0\"][vc_column_inner width=\"1\/3\"]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-6880833b7bd6b\" class=\" wd-rs-6880833b7bd6b wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none business-boxes \">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"box-icon-wrapper  box-with-icon box-icon-simple\">\n\t\t\t\t\t\t\t<div class=\"info-box-icon\">\n\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"622\" height=\"622\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/Text-WCG-Offices-1.jpg\" class=\"attachment-full size-full\" alt=\"Text WCG Offices\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h4 class=\"info-box-title title wd-font-weight-600 box-title-style-default font-primary wd-fontsize-m\">Text WCG Offices<\/h4>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p>Need to get in touch through a quick text?\u00a0 We\u2019ll respond back within a day and get going!<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<a class=\"wd-info-box-link wd-fill\" aria-label=\"Infobox link\" href=\"sms:+17193452100?&amp;body=Hey%20WCG!%20Please%20call%20me%20to%20discuss%20your%20CPA%20services\" title=\"\"><\/a>\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column_inner][vc_column_inner width=\"1\/3\"]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-6880834fd8436\" class=\" wd-rs-6880834fd8436 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none business-boxes \">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"box-icon-wrapper  box-with-icon box-icon-simple\">\n\t\t\t\t\t\t\t<div class=\"info-box-icon\">\n\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"622\" height=\"622\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/Chat-Our-Amazing-Team-1.jpg\" class=\"attachment-full size-full\" alt=\"Chat our amazing team\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h4 class=\"info-box-title title wd-font-weight-600 box-title-style-default font-primary wd-fontsize-m\">Call Our Amazing Team<\/h4>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p class=\" \">If you need to speak to a tax professional now, give us a call and we'll get you connected.<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<a class=\"wd-info-box-link wd-fill\" aria-label=\"Infobox link\" href=\"tel:719-387-9800\" title=\"\"><\/a>\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column_inner][vc_column_inner width=\"1\/3\"]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-6880835d3a0fb\" class=\" wd-rs-6880835d3a0fb wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none business-boxes nav-button-chat \">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"box-icon-wrapper  box-with-icon box-icon-simple\">\n\t\t\t\t\t\t\t<div class=\"info-box-icon\">\n\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"622\" height=\"622\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/Chat-With-a-Tax-Pro-2.jpg\" class=\"attachment-full size-full\" alt=\"Chat with a tax pro\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h4 class=\"info-box-title title wd-font-weight-600 box-title-style-default font-primary wd-fontsize-m\">Chat With a Tax Pro<\/h4>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p>Taxes can be tricky. Chat with a WCG human now and get questions answered.<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row equal_height=\"yes\" content_placement=\"top\" woodmart_css_id=\"684abef7ecaa9\" responsive_spacing=\"eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2ODRhYmVmN2VjYWE5Iiwic2hvcnRjb2RlIjoidmNfcm93IiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=\" mobile_bg_img_hidden=\"no\" tablet_bg_img_hidden=\"no\" woodmart_parallax=\"0\" woodmart_gradient_switch=\"no\" woodmart_box_shadow=\"no\" wd_z_index=\"no\" woodmart_disable_overflow=\"0\" row_reverse_mobile=\"0\" row_reverse_tablet=\"0\" el_class=\"kb-consult\"][vc_column]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-68bcf7fc8516a\" class=\" wd-rs-68bcf7fc8516a wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h2 class=\"info-box-title title wd-font-weight-600 box-title-style-default font-primary wd-fontsize-m\"><span class=\"ez-toc-section\" id=\"Schedule_Discovery_Meeting_Now\"><\/span>Schedule Discovery Meeting Now<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[vc_row_inner content_placement=\"middle\" el_class=\"client-review-secs box--card\" woodmart_css_id=\"672e712482714\" responsive_spacing=\"eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NzJlNzEyNDgyNzE0Iiwic2hvcnRjb2RlIjoidmNfcm93X2lubmVyIiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=\" mobile_bg_img_hidden=\"no\" tablet_bg_img_hidden=\"no\" woodmart_parallax=\"0\" woodmart_gradient_switch=\"no\" woodmart_box_shadow=\"no\" wd_z_index=\"no\" woodmart_disable_overflow=\"0\" row_reverse_mobile=\"0\" row_reverse_tablet=\"0\"][vc_column_inner width=\"1\/3\" woodmart_css_id=\"671780b35b49a\" parallax_scroll=\"no\" woodmart_sticky_column=\"false\" wd_collapsible_content_switcher=\"no\" wd_column_role_offcanvas_desktop=\"no\" wd_column_role_offcanvas_tablet=\"no\" wd_column_role_offcanvas_mobile=\"no\" wd_column_role_content_desktop=\"no\" wd_column_role_content_tablet=\"no\" wd_column_role_content_mobile=\"no\" mobile_bg_img_hidden=\"no\" tablet_bg_img_hidden=\"no\" woodmart_parallax=\"0\" woodmart_box_shadow=\"no\" responsive_spacing=\"eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NzE3ODBiMzViNDlhIiwic2hvcnRjb2RlIjoidmNfY29sdW1uX2lubmVyIiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=\" wd_z_index=\"no\"]\t\t<div id=\"wd-68874e76cd7bc\" class=\"wd-image wd-wpb wd-rs-68874e76cd7bc text-left \">\n\t\t\t\n\t\t\t<img decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/265518_2057667071_tax_consultation_300-1.webp\" class=\"attachment-full size-full\" alt=\"Request a Meeting with WCG Inc\" \/>\n\t\t\t\t\t<\/div>\n\t\t[\/vc_column_inner][vc_column_inner width=\"2\/3\" woodmart_css_id=\"671780c0415fb\" parallax_scroll=\"no\" woodmart_sticky_column=\"false\" wd_collapsible_content_switcher=\"no\" wd_column_role_offcanvas_desktop=\"no\" wd_column_role_offcanvas_tablet=\"no\" wd_column_role_offcanvas_mobile=\"no\" wd_column_role_content_desktop=\"no\" wd_column_role_content_tablet=\"no\" wd_column_role_content_mobile=\"no\" mobile_bg_img_hidden=\"no\" tablet_bg_img_hidden=\"no\" woodmart_parallax=\"0\" woodmart_box_shadow=\"no\" responsive_spacing=\"eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NzE3ODBjMDQxNWZiIiwic2hvcnRjb2RlIjoidmNfY29sdW1uX2lubmVyIiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=\" wd_z_index=\"no\"]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-68bcfc71da664\" class=\" wd-rs-68bcfc71da664 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none with-btn box-btn-static \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p>Ready to schedule now and talk all things rentals? Let's do it! Here is a link to a Discovery Meeting with one of our Partners or Senior Tax Professionals to understand your tax footprint and objectives, and how <strong>WCG CPAs &amp; Advisors<\/strong> might help.<\/p>\n<\/div>\n\n\t\t\t\t\t\t<div class=\"info-btn-wrapper\"><div id=\"wd-6a31c8b48fd4a\" class=\"  wd-button-wrapper text-left\"><a href=\"https:\/\/calendly.com\/wcg-cpas-advisors\/discovery-meeting-instant\" title=\"\" target=\"_blank\" class=\"btn btn-style-default btn-shape-rectangle btn-size-default\">Schedule Meeting<\/a><\/div><\/div>\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/div>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Should you immediately form an LLC with your spouse? No. Don\u2019t you see enough of each other at the house? All kidding aside, please note how tax savings or other big \u201cwow\u201d things are not listed. In other words, adding your spouse as an owner only has two super narrow bands of benefits.<\/p>\n","protected":false},"author":6,"featured_media":31147,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"epkb_post_type_3_category":[91],"epkb_post_type_3_tag":[],"class_list":["post-13645","epkb_post_type_3","type-epkb_post_type_3","status-publish","has-post-thumbnail","hentry","epkb_post_type_3_category-chap-1-ownership-arrangements"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Your Spouse As A Business Partner (Happy Happy Joy Joy) - WCG CPAs &amp; Advisors<\/title>\n<meta name=\"description\" content=\"Should you form an LLC with your spouse? Don\u2019t you see enough of each other at the house? All kidding aside, there are two reasons to add your spouse.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Your Spouse As A Business Partner (Happy Happy Joy Joy)\" \/>\n<meta property=\"og:description\" content=\"Should you form an LLC with your spouse? Don\u2019t you see enough of each other at the house? All kidding aside, there are two reasons to add your spouse.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/\" \/>\n<meta property=\"og:site_name\" content=\"WCG CPAs &amp; Advisors\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-27T08:22:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wcginc.com\/wp-content\/uploads\/015113_644427059_adding_spouse_300.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"11 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Your Spouse As A Business Partner (Happy Happy Joy Joy) - WCG CPAs &amp; Advisors","description":"Should you form an LLC with your spouse? Don\u2019t you see enough of each other at the house? All kidding aside, there are two reasons to add your spouse.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wcginc.com\/kb-rental-property\/your-spouse-as-a-business-partner-happy-happy-joy-joy\/","og_locale":"en_US","og_type":"article","og_title":"Your Spouse As A Business Partner (Happy Happy Joy Joy)","og_description":"Should you form an LLC with your spouse? Don\u2019t you see enough of each other at the house? 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