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Business & farm
Thank you for your response! Let me clear it up, let's say my LLC has around 60K net income after deducting routine expenses. If I use the 60K as down pay meant to buy the office, Shall I pay tax for the 60K or its account as an expense? The point is lots of real estate companies invest their profit in another property as a 1031 exchange. I don't know if a similar opportunity exists for another type of business. I have sole ownership engineering consultant LLC
Thank you
‎December 19, 2022
10:43 AM