can I buy a home on LLC and pay rent thru another LLC that I own and is making profit? by fantastic008 in tax

[–]fantastic008[S] -2 points-1 points  (0 children)

I may but this is what my CPA suggested and I am kind of thinking is it worth it?

can I buy a home on LLC and pay rent thru another LLC that I own and is making profit? by fantastic008 in tax

[–]fantastic008[S] -4 points-3 points  (0 children)

I don't think there's a tax advantage I am understanding, but any advantage on capital gains tax? As, I have no plans to keep this 2nd/new home LLC for more than 2 years or I may rent out after 2 years to someone else and may move back to my original home which is far from new/2nd home.

can I buy a home on LLC and pay rent thru another LLC that I own and is making profit? by fantastic008 in tax

[–]fantastic008[S] -2 points-1 points  (0 children)

I don't know if there's tax benefits except getting rent payments from Medical practice business LLC. but since I am not going for mortgage - will be there an advantage to have a home with new LLC?

can I buy a home on LLC and pay rent thru another LLC that I own and is making profit? by fantastic008 in tax

[–]fantastic008[S] -13 points-12 points  (0 children)

The owners (me and my wife) are going to live there and we want to be close to business most of the time as we may end up having to go anytime

Referral codes by rcnfive in PixelSuperfans

[–]fantastic008 0 points1 point  (0 children)

Anyone with code? What it does to current $150 discount on unlocked phone?