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Updated over 4 years ago on . Most recent reply

User Stats

12
Posts
3
Votes
Austin Wang
  • Investor
  • Marina Del Rey, CA
3
Votes |
12
Posts

Tax Implications for having wife's LLC manage rental properties?

Austin Wang
  • Investor
  • Marina Del Rey, CA
Posted

I have a few rental properties that I invested in prior to getting married. My fiance and soon to be wife has an LLC for her investment properties. If she is to manage them, and I pay her, can that income be deducted from my taxes? Can that income from the property management eventually flow into a joint account that we both share?


I want to do everything by the book and I'm wondering if this is legal, or should i just keep managing my own rental properties and not worry about trying to have a tax deduction for free" property management that i provide for my investment properties.

Thanks in advance!

Most Popular Reply

User Stats

12
Posts
3
Votes
Austin Wang
  • Investor
  • Marina Del Rey, CA
3
Votes |
12
Posts
Austin Wang
  • Investor
  • Marina Del Rey, CA
Replied

@Jaysen Medhurst

Thanks for the intel. I’ll be circling back with a local tax professional to make sure there aren’t any options we are missing

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