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Updated over 5 years ago,
Delay new HVAC until LLC (for tax reasons)?
Quick help needed. Thanks in advance.
My HVAC on my 1 rental is due for an upgrade and I've got a date tentatively booked. But I'm also progressing to set up an LLC and transfer this rental into that.
For tax deductions, am I better off waiting until it's an expense for the LLC or does it not really matter because I can access the same tax deductions on my personal tax return?
CPA not yet signed up so stuck for professional advice on this.
GO AHEAD or WAIT?
Tnx