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Business & farm
@Carl and @Anonymous
Thank you for that information. That is what I was thinking and will most likely follow that direction if we do purchase the vehicle.
@Carl to let you know. All of them are technically multi-member LLC's, but all except the one owned by me and my brother, are owned by me and my wife, like I stated, but being in a community property state (Texas) we are both able to file a schedule C for each of us on those businesses. I am actually lucky enough at this time that they don't bring in a lot of income and so the taxes are easy. But hoping to change things this coming year.
Thank you both for your input.
‎November 2, 2020
12:13 PM