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Updated over 10 years ago on . Most recent reply

User Stats

12
Posts
1
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Erica Veit
  • Daufuskie Island, SC
1
Votes |
12
Posts

Should I put my car in my LLC name if I intend to use it as a Realtor?

Erica Veit
  • Daufuskie Island, SC
Posted

Hey everybody:

I'm trying to get set up correctly with my real estate investment business and I have a question.

I just got my GA RE sales license in June, and I just formed my LLC in April so I can flip houses and grow my business credit (personal credit is shot), and for tax benefits. I intend to use my car mostly for business purposes. Should I put my car in my LLC name and get business auto insurance? Or do you keep your car in your personal name?

What is the best way to deduct mileage and auto expenses?

Thanks for your advice!

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