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Updated about 9 years ago,

User Stats

87
Posts
41
Votes
Lawrence Rutkowski
  • San Antonio, TX
41
Votes |
87
Posts

Can You Pay Your Own LLC Rent?

Lawrence Rutkowski
  • San Antonio, TX
Posted

Hello,

I currently own investment properties in Buffalo NY, which are each treated as an LLC, and a single family home in which I live in San Antonio TX. Is it possible/legal for me to transfer the ownership or sell my home to my corporation, or to another one I file, then pay myself rent, as well as deduct repairs and other property expenses that you cannot deduct from your personal residence through that corp?

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