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Updated almost 6 years ago,

Adam Byrne's profile image
Adam Byrne's profile image
Adam Byrne
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Mar 16, 2018
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User Stats

25
Posts
7
Votes
Adam Byrne's profile image
Adam Byrne's profile image
Adam Byrne
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Mar 16, 2018
Connect
Adam Byrne
  • Rental Property Investor
  • Los Angeles, CA
7
Votes |
25
Posts
Tax, SDIRAs & Cost Segregation

MultiMember LLC, taxed as Partnership question

Adam Byrne
  • Rental Property Investor
  • Los Angeles, CA
Posted

Hi BP!

I am a partner in a multi-member LLC, taxed as a partnership. Since I'm actively managing, I pay myself a management fee and 1099 myself at the end of the year.

I like to show the income to season my tax returns for refinancing purposes but would like to optimize my tax expenses.

Would it be advantageous to change our filing status to S Corp (or other) or should we keep the Partnership designation? 

Thanks, Adam

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