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Updated about 8 years ago,

User Stats

27
Posts
7
Votes
Matthew Fields
  • Real Estate Agent
  • Springfield, MO
7
Votes |
27
Posts

purchasing a rental in personal name with LLc funds

Matthew Fields
  • Real Estate Agent
  • Springfield, MO
Posted

Hello,

I am closing on a rental property on tuesday and would like some advice. I will be deeding in my personal name and using funds from a business cash line of credit. I plan on remodeling then refinancing then deeding to llc. Will having a home in my name and then transferred to LLC cause and tax implications as they will be in different calendar years?

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