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Updated over 5 years ago,

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Tax/legal inquiry related to rental lease

Posted

I'm trying to determine if their our any irregularities with the following. I rent under an LLC and feed under separate llc. However I use to rent from this guy whose legal name was on the lease. House was also under his legal name. However he requested me to make my monthly rent deposits into a non related account which was his llc for some separate business venture. Was that legal either in accordance with state statutes or relative to the irs. Thanks.

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