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Updated over 7 years ago,

User Stats

91
Posts
32
Votes
Dakota Mivshek
  • Real Estate Broker
  • Miami-Denver-Austin
32
Votes |
91
Posts

Tax Question - Mixing real estate commissions and Rental Income

Dakota Mivshek
  • Real Estate Broker
  • Miami-Denver-Austin
Posted

Hi there, 

I have a tax related question. Things moved quickly these past few months, which has resulted in the creation of an LLC (S Corp status), Real estate sales commissions, & rental income.

Current status: Real estate commission income and real estate rental income are coming into the same LLC. Is that an issue?

I'm record keeping, but any advice would be great. What systems do you all have in place for solid record keeping come tax time. 

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