For those with a WY/NV Holding Company...

[Justin Kushner]

Hi, Everybody.

I have quite a few LLCs that are owned/the member of a parent Wyoming Holding Company, LLC.

The big question... How do you show the income that flows in from your rental properties and **then** up to your WY Holding Company? For example, I send a flat $150 from every LLC up to Wyoming once a month. The rest of the cash I let sit in each LLC's Business Checking account to cover any surprise expenses, or pay down the mortgages. How do you categorize/book/label this flow of money from the children LLCs to the parent LLC? Then, how do you show it to yourself if you take the money out to buy a TV, for example? haha, just an example.

Thank you sooo much! Confusing...

Justin