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Updated almost 11 years ago,

User Stats

33
Posts
12
Votes
Jason Rhine
  • Wholesaler
  • Newport News, VA
12
Votes |
33
Posts

Question: Quarterly taxes on LLC member income

Jason Rhine
  • Wholesaler
  • Newport News, VA
Posted

Let's say I am the only member of an LLC and the business makes 20k through wholesaling in a given quarter. If my marketing expenses were 3k, I suppose I would be expected to pay personal taxes on the remaining 17k. But what if that 17k is immediately fed back into the business, for instance as a portion of a down payment on a buy and hold? Do I owe zero taxes for this quarter?

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