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Updated about 10 years ago on . Most recent reply

Russell G.'s profile image
Russell G.'s profile image
Russell G.
  • from Texarkana, Texas
  • Member since Feb 22, 2013
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Russell G.'s profile image
Russell G.'s profile image
Russell G.
  • from Texarkana, Texas
  • Member since Feb 22, 2013
Connect
Russell G.
  • Texarkana, TX
0
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5
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General Landlording & Rental Properties

Living in rental that your LLC owns

Russell G.
  • Texarkana, TX
Posted

Can a managing member of an LLC live in a rental that the LLC owns without paying rent? The positve cash flow on other properties within the LLC would cover all expenses on the rental they would live in. Also, how would taxes be handled at the end of the year since the rental shows no profit? Any thoughts or ideas would be helpful. Thanks!

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