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Updated about 9 years ago,

Bill Hinshaw's profile image
Bill Hinshaw's profile image
Bill Hinshaw
  • Investor
  • from Murphy, Texas
  • Member since May 2, 2011
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189
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86
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Bill Hinshaw's profile image
Bill Hinshaw's profile image
Bill Hinshaw
  • Investor
  • from Murphy, Texas
  • Member since May 2, 2011
Connect
Bill Hinshaw
  • Investor
  • Murphy, TX
86
Votes |
189
Posts
Tax, SDIRAs & Cost Segregation

Charitable giving and taxes

Bill Hinshaw
  • Investor
  • Murphy, TX
Posted

I have a flipping business structured as an LLC. We just sold our first flip and made a profit. With respect to taxes and charitable giving, should I give from the LLC or take a distribution from the LLC and give out of personal funds? Is there a difference in tax treatment of either?

Thanks in advance!

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