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Updated over 7 years ago on . Most recent reply

Cassidy Burns's profile image
Cassidy Burns's profile image
Cassidy Burns
  • Investor
  • from Washington, DC
  • Member since Jul 31, 2016
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Cassidy Burns's profile image
Cassidy Burns's profile image
Cassidy Burns
  • Investor
  • from Washington, DC
  • Member since Jul 31, 2016
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Cassidy Burns
  • Investor
  • Washington, DC
434
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775
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Tax, SDIRAs & Cost Segregation

Starting My First Flip, is it to late to transfer to LLC for Tax?

Cassidy Burns
  • Investor
  • Washington, DC
Posted

Hi BP,

I am starting my first flip today. I purchased the property under my name, but just listened to Amanda Han's tax benefits podcast and realized that I should have purchased this under an LLC to help mitigate the taxes that I pay on the potential profit. Is it to late to transfer to LLC? Any advice?

Thanks!

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