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Purchase Property Abroad - Land
Hello,
I purchased property outside the USA. Its a Land. I want to hold it for few years before sale it for profit.
I traveled to purchase this property so I'll file deduction for travel (airfare and parking)
I have two questions
1. Where do I report this purchase on my Single LLC in TurboTax section? ( I use Home and Business)
2. I had to purchased this Land under my name not LLC due to some issues that came up. So if I report this, does it have to be under my personal or LLC. I used LLC money to purchase this (I transferred money via bank to bank)
Thank you!
Topics:
‎February 18, 2024
5:42 PM