- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
this won't work. you are a single-member LLC which is disregarded for income tax purposes so the iRS will look at this as renting to yourself.
from a blog from a CPA firm
Your business must be an S-corporation, C-corporation, or partnership in order to qualify for this tax benefit. If you are a sole proprietor or own a single-member LLC, then you don’t qualify.
November 6, 2024
8:42 AM
5,868 Views