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Updated almost 3 years ago,

User Stats

499
Posts
219
Votes
Avi Garg
  • Rental Property Investor
  • Concord, CA
219
Votes |
499
Posts

Refi property in LLC designated as S-corp

Avi Garg
  • Rental Property Investor
  • Concord, CA
Posted

I have a single member LLC with a S-corp designation that I use for flipping. I am planning to keep one of the recent acquisitions which I bought using hard money. What will be the tax consequences if I refi this property in my name? I have reached out to my CPA as well.

Wanted to see if anyone else has gone through it in the past and has any experience with this transaction.

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