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Updated almost 3 years ago on . Most recent reply presented by

Lucio Palanca's profile image
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Lucio Palanca
  • Member since May 11, 2022
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Lucio Palanca's profile image
Lucio Palanca's profile image
Lucio Palanca
  • Member since May 11, 2022
Connect
Lucio Palanca
3
Votes |
29
Posts
Tax, SDIRAs & Cost Segregation

Business expense for an LLC

Lucio Palanca
Posted

I purchased a single family home under my LLC as my first foray into rental properties. There are repairs that need to be done to the crawlspace drainage which would cost about 10K. Can I expense that out as a business expense?

  • Lucio Palanca
    • Indianapolis, Indiana
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