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Updated over 8 years ago,
LLC questions and taxes
I started an LLC at the beginning of this year and purchased my first investment property shortly after. The issue I have is that the LLC was meant for another business I planned on starting before this BRRRR fell into my lap. I'm new to the whole entrepreneur world and was wondering if that business that I planned on using for an online store could instead be used to write off expenses on my property rehab. And should I also put the property under the LLC? This is a major equity play and I would hate to lose it to a bad tenant or mishap of some sort.