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Updated almost 8 years ago,

Allen Chaney's profile image
Allen Chaney's profile image
Allen Chaney
  • Investor
  • from Tuscumbia, AL
  • Member since Feb 5, 2017
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User Stats

40
Posts
16
Votes
Allen Chaney's profile image
Allen Chaney's profile image
Allen Chaney
  • Investor
  • from Tuscumbia, AL
  • Member since Feb 5, 2017
Connect
Allen Chaney
  • Investor
  • Tuscumbia, AL
16
Votes |
40
Posts
General Real Estate Investing

quick deed tax question

Allen Chaney
  • Investor
  • Tuscumbia, AL
Posted
If I buy a house for flip in my name, then quick deed it to my llc before I sell it (the llc is still being filed with the state atm), can I count the purchase cost as an expense for the llc so that my net profit doesn't show the entire sale price?
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