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Updated almost 7 years ago,

User Stats

100
Posts
14
Votes
Roy Mitle
  • Palo Alto, CA
14
Votes |
100
Posts

Combing llc to save taxes.

Roy Mitle
  • Palo Alto, CA
Posted

I have a business that is run as llc. I have a rental that has negative income. If I put my rental into my business llc can I lower my taxes by offsetting my business income with my rental loss. 

Also I heard that with new tax law an llc has to pay taxes on only 80 percent of your llc income. So everyone who has rentals which have positive net income should be putting it into llc. Is that correct ?

Thx so much. 

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