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Updated over 7 years ago,

User Stats

11
Posts
7
Votes
Brad Nelson
  • Cleveland, OH
7
Votes |
11
Posts

Tax filing question - LLC funding vs. personal

Brad Nelson
  • Cleveland, OH
Posted

Hello,

Am closing on a property next week.

My LLC's business bank account outbound wire fee is $78 versus $25 if wired out of my personal account at a separate bank, where it's sitting in a line of credit.

$53 difference is not the end of the world, but it's enough to irritate me. 

For tax filing purposes at the end of the year, does it matter if one pays for a property from one's LLC business bank account, or from one's personal account?

Probably a dumb question I know, but please advise.

.

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