What is the name of your state (only U.S. law)? Florida
I wish to know if it is posible to form an LLC for the sole purpose of buying a condo which will be my primary residence? since the LLC will not be engaged in any money making activity (other than long term appreciation in property value), will the state of Florida allow it? Will I miss out on tax deductions for property taxes, mortgage interest, etc, when I'm not showing revenue?
I wish to know if it is posible to form an LLC for the sole purpose of buying a condo which will be my primary residence? since the LLC will not be engaged in any money making activity (other than long term appreciation in property value), will the state of Florida allow it? Will I miss out on tax deductions for property taxes, mortgage interest, etc, when I'm not showing revenue?
Last edited: