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Updated over 3 years ago on . Most recent reply

Amanda M.'s profile image
Amanda M.'s profile image
Amanda M.
  • from North Aurora, IL
  • Member since Aug 28, 2020
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Amanda M.'s profile image
Amanda M.'s profile image
Amanda M.
  • from North Aurora, IL
  • Member since Aug 28, 2020
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Amanda M.
  • North Aurora, IL
1
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2
Posts
Buying & Selling Real Estate

Closing my LLC Account

Amanda M.
  • North Aurora, IL
Posted

Hi Everyone, we recently just purchased our first rental property and we put it in an LLC Account. We ended up selling the property for a profit instead of keeping it for a rental property. My question is can I go ahead and pull the money out of my LLC Account and close it? Or is there something that I need to do with LLC Account first or pay taxes first? Thoughts or anything I should be considering?

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