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Updated almost 8 years ago,

Bonnie Y.'s profile image
Bonnie Y.'s profile image
Bonnie Y.
  • from New York City, New York
  • Member since Feb 1, 2016
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18
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1
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Bonnie Y.'s profile image
Bonnie Y.'s profile image
Bonnie Y.
  • from New York City, New York
  • Member since Feb 1, 2016
Connect
Bonnie Y.
  • New York City, NY
1
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18
Posts
Tax, SDIRAs & Cost Segregation

LLC income taxable if not taken out of llc account?

Bonnie Y.
  • New York City, NY
Posted

Hello everyone, I'm new to RE investing. I have two cpa telling different things on this--if I I don't take income out of my llc account, do I have to pay tax on it when I do personal income tax?  One cpa says yes, u must. The other says, no you dont have to, especially in ohio. Pleae share ur thpughts. Confused. Thanks a lot!

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