Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated 11 months ago on . Most recent reply

Hiring Myself to do a Heaver Turn
I own an investment property in my personal name that I purchased last year, this was done before I started my LLC. My LLC is currently doing a flip on a home that I anticipate closing middle of summer. My LLC's main purpose is for real estate investing, not general contracting or anything like that. My question is, can I hire my own LLC for $100 to renovate the property I purchased last year in my own personal name? By doing this I anticipate losses of around $5k-$10k in my LLC's name, which would help offset some of the capital gains from my flip.
I know 1031 is an option but if I can offset losses in my LLC I'd rather do that and 1031 whatever gains are left.