Renting to yourself?

[Michael Healy]

So I understand I will need to consult a tax professional. But I'm wondering about perspectives on renting to yourself...i.e. You personally pay your LLC for use of a unit...in this case it would be a for use as a second home since I invest away from where I live Are there reasons you would or wouldn't do this? Or is it better to just make owner contributions?

[Jerry W.]

@Michael Healy, you can rent from yourself, but why would you?  There is no tax benefit from making more money to pay taxes on.  You might be able to deduct the rent if the stay is purely for business reasons, but why go through all the hoops when you can just stay for free?