North Carolina.
Wasn't sure if this should go in Real Estate or Tax Law.
I have an LLC set up, where I am the owner. This LLC is for Ebay sales.
We'll call it LLC "A"
I would like to work on getting LLC "A" income to $0, or as close as possible.
I would like to purchase an investment property, and open a new LLC for real estate, we'll call it LLC "B"
Can I have LLC "A" pay LLC "B" rent on a monthly basis, thus reducing "A's" income, and also providing me with depreciation on an investment property, where I am the owner of both LLCs?
Wasn't sure if this should go in Real Estate or Tax Law.
I have an LLC set up, where I am the owner. This LLC is for Ebay sales.
We'll call it LLC "A"
I would like to work on getting LLC "A" income to $0, or as close as possible.
I would like to purchase an investment property, and open a new LLC for real estate, we'll call it LLC "B"
Can I have LLC "A" pay LLC "B" rent on a monthly basis, thus reducing "A's" income, and also providing me with depreciation on an investment property, where I am the owner of both LLCs?