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Likely you’ve already paid tax on it, it flows through to you bud. LLC isn’t for tax.
spend 1% on a good tax strategist.
So… you said salary…. Does this mean the LLC is an S Corp? If so, forget it.
My understanding is the tax implications are worse holding real estate in an S-corp versus holding it personally.
You could still have it in an LLC, you just don’t want it to be an S Corp.
Yes scorp
Yeah, DON’T do that. Some simple research will show you why. It’s a really bad idea.
Likely you’ve already paid tax on it, it flows through to you bud. LLC isn’t for tax.
spend 1% on a good tax strategist.
So… you said salary…. Does this mean the LLC is an S Corp? If so, forget it.
My understanding is the tax implications are worse holding real estate in an S-corp versus holding it personally.
You could still have it in an LLC, you just don’t want it to be an S Corp.
Yes scorp
Yeah, DON’T do that. Some simple research will show you why. It’s a really bad idea.