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Business & farm
The intent is to live in the home but it might be sold depending on the situation at the end of the build. Part of the reason we set it up as a business is that we wanted the protection the LLC offers.
Curious. What would you do if you were building with the sole intent to sell at the end but then decided you were going to keep/buy it? What would need to be done from a tax perspective then assuming you were treating your expenses as this was a for profit build the whole time? You would need to pay back the tax savings?
‎April 17, 2023
12:29 PM