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Updated about 7 years ago,

User Stats

16
Posts
6
Votes
Daniel DeMarco
Pro Member
  • Accountant
  • Mars, PA
6
Votes |
16
Posts

Build a garage on own property for your LLC

Daniel DeMarco
Pro Member
  • Accountant
  • Mars, PA
Posted

I currently have 12 units consisting of 8 properties and the amount of inventory/equipment I am maintaining for the properties is starting to stack up. I am flirting with the idea of building a garage at my primary residence to house my remodeling supplies and my pieces of equipment - tractor/lawnmowers/chainsaws etc. This will also be used a small amount for my personal needs for storage. My question is can my LLC pay for this garage on my property and can I depreciate it for my LLC useage?

  • Daniel DeMarco
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