Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Creating a secondary business
I am considering forming an LLC for landscaping and a second for construction. The thought being that it would create additional tax breaks when purchasing equipment etc that would be mainly used to maintain my properties. I believe that the companies can show a loss for up to three years before needing to turn a profit allowing me to write-off/amortize all of the equipment and expenses related to them then show nominal profits from them going forward. Is my though process correct or can I just include these expenses in the LLC that owns the property?
Thanks