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Updated over 4 years ago on . Most recent reply

Chad Thompson's profile image
Chad Thompson's profile image
Chad Thompson
  • Investor
  • from Alabama
  • Member since Jul 12, 2020
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8
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2
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Chad Thompson's profile image
Chad Thompson's profile image
Chad Thompson
  • Investor
  • from Alabama
  • Member since Jul 12, 2020
Connect
Chad Thompson
  • Investor
  • Alabama
2
Votes |
8
Posts
Tax, SDIRAs & Cost Segregation

Is purchasing land or rental homes a tax deduction on LLc

Chad Thompson
  • Investor
  • Alabama
Posted

Hello,

When purchasing land or rental properties can this be a deduction ? My LLc is primary over our retail business and we were hit hard with owing quiet a bit of taxes around the sum of 48,500.00 for 2019. I’m trying to think ahead for 2020 on what could help us out by not owing Uncle Sam so much at the end of year.. 

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