Agent commissions

[Jose R.]

Hi Everyone, hope you can guide me. 

I am purchasing my first flip under my LLC in a few days, my wife is the buyer agent and she wants to help me with the closing cost, can she apply her commission towards the closing costs? or does she gets her commission and then helps me with the renovation costs? which makes more sense from a taxable income perspective?

Thanks in advance.

[Maricela Chavez]

She can do what ever she wants with her commission. Probably take it at time of settlement so she doesn't have to pay taxes on it.