Clarkjd
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Thank you for your help. I guess its still unclear if running income/expenses through the LLC will allow me to purchase in the LLC? I understand its taxed the s...
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Scenario 1: I just want to be able to purchase property through an LLC. So i'd like to "manage" current rentals through LLC and show money in and out of the ban...
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even on a multi member LLC?If its still a Schedule E, but the LLC Bank account is showing money in and out does that suffice for real estate purchases?
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Ok cool, I think thats more what I am after is the LLC income for future purchases ATM.Last question, if its a multi member LLC and the property is in my partne...
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That makes sense, so if I did have rental income and expenses set up through the LLC bank account would that be suffice for showing income for the LLC and makin...
Activity Feed for Clarkjd
- Posted Re: Can I deed properties in my name, claim income to LLC, and write off LLC business expenses? on Business & farm. February 17, 2023 8:22 AM
- Posted Re: Can I deed properties in my name, claim income to LLC, and write off LLC business expenses? on Business & farm. February 17, 2023 8:07 AM
- Posted Re: Can I deed properties in my name, claim income to LLC, and write off LLC business expenses? on Business & farm. February 17, 2023 7:58 AM
- Posted Re: Can I deed properties in my name, claim income to LLC, and write off LLC business expenses? on Business & farm. February 17, 2023 7:54 AM
- Posted Re: Can I deed properties in my name, claim income to LLC, and write off LLC business expenses? on Business & farm. February 17, 2023 7:28 AM
- Posted Re: Can I deed properties in my name, claim income to LLC, and write off LLC business expenses? on Business & farm. February 17, 2023 6:31 AM
- Posted Re: Can I deed properties in my name, claim income to LLC, and write off LLC business expenses? on Business & farm. February 16, 2023 5:29 PM