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Updated over 1 year ago,

User Stats

31
Posts
2
Votes
Michael Cortez
2
Votes |
31
Posts

LLC taxes / Business credit cards

Michael Cortez
Posted

Hi everyone, so I just received some balance transfer checks for a business credit card I have through a Florida LLC (0% interest until next summer). If I use these check and deposit in my account to let it "season" to go buy a rental property outside of Florida, how does that effect my taxes if at all? Any consequences for using these funds outside of the state that the credit card is associated with?

Thank you! 

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