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Updated over 16 years ago on . Most recent reply

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Michael Shadow
  • Investor
  • Bellefonte, PA
86
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1,042
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Sell your house to your llc then rent

Michael Shadow
  • Investor
  • Bellefonte, PA
Posted

Has anyone ever sold their primary residence to their LLC and then rented their home back from their LLC? I was thinking this could have some fantastic tax savings by expensing home maintenance/utilities/insurance, etc through the LLC for a tax write off.

-Michael

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Replied

The question for your accountant is not to ask, "Is this legal?" The question is more, "How can this be done so it's legal? Do some out of the box thinking."

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